Trade Alert
This is short-term trade idea.
EURCAD continues to trade within the short-term rising channel, even though the Euro is has been experiencing a bit of weakness in the past few days. The pair could continue traveling towards the lower bound of the channel, where the bulls could pick up on the lower rate and start jumping back up again.
Certainly, if the break of the lower bound happens and we see EURCAD closing below it, then we could expect further declines.
Please review the chart for details.
Always have your SL in place
This is short-term trade idea.
EURCAD continues to trade within the short-term rising channel, even though the Euro is has been experiencing a bit of weakness in the past few days. The pair could continue traveling towards the lower bound of the channel, where the bulls could pick up on the lower rate and start jumping back up again.
Certainly, if the break of the lower bound happens and we see EURCAD closing below it, then we could expect further declines.
Please review the chart for details.
Always have your SL in place