EURCAD: Support at the Brexit daily low

EURCAD has found support at the lows of the day corresponding to the Brexit vote, so it's logical to expect a rally from here, back to the top of that day's range, which also nicely matches the highest volume zone, and the low of the Trump election day. This is a very critical zone, so, look to exit longs there and leave this pair be. We're better off shorting the Euro against the dollar once it tops.

Cheers,

Ivan Labrie.

Trade closed manually:

EURUSD retraced violently, makes me think the rally is a short in it, CAD and oil gaining strength don't bode well for this trade, better exit for now.