MonsunAsia

EURCAD - Bearish Bias

Short
FX:EURCAD   Euro / Canadian Dollar
EUR - BEARISH
1️⃣ Concerns over rising COVID-19 cases, fresh lockdowns and the slow pace of vaccination.
2️⃣ EUR slid after ECB President Lagarde said earlier on Wednesday that the central bank is closely following the performance of the exchange rate.

CAD - BULLISH
1️⃣ Rallied in oil prices support the commodity-linked currency the CAD.

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Technical
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We are looking to sell the EURCAD at SBR + below SMA 50 on the H1 chart.
Order cancelled: Price has reached TP first.

Comments

Cool, agree.
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