The daily HA chart of EURCAD is showing a clear cup and handle where the EURCAD would take off again. The weekly HA Chart of EURCAD shows continuous bullish EURCAD - beautifully shown strength of this currency pair. It could be due to
1. weakness in commodities (esp oil) prices pulling down the CAD.
2. Europe is decoupling from the US-China conflict with France leading the way.
3. De-dollarization is lending strength to the EUR as an alternative currency for central banks to store as reserve.
1. weakness in commodities (esp oil) prices pulling down the CAD.
2. Europe is decoupling from the US-China conflict with France leading the way.
3. De-dollarization is lending strength to the EUR as an alternative currency for central banks to store as reserve.