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theforexportal
Apr 26, 2017 8:39 AM

SELL EUR/CAD at market 1.4807 Short

Euro Fx/Canadian DollarFXCM

Description

Signs of the EUR BULL run coming under pressure and with RSI dipping down towards 70 from overbought this looks a good place to SHORT EUR/CAD. First target will be the rising trend line although where price will hit this line is uncertain.
CAD Retail Sales at 13:30 will have to be watched so its advised to tighten stops before this release as a poor print will kill the trade.
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