The daily chart of EURCAD appears to have bottomed, but there is no confirmation yet, as the impulse is still red. I believe that if it's going to bottom, a strong rally should be expected. I know everybody sells the euro, but on many pairs the euro looks bullish. In this case, combined with Canadian dollar weakness, there might be a nice rally coming.
I already established a small position and I'm going to increase it at the first confirmation signal.
I already established a small position and I'm going to increase it at the first confirmation signal.