Just another thought.... I will go Sell on retracement as I think this up is only a temporary up retracement and not an impulse wave. Given the rejection of the Daily High which is likely to form a strong resistance area at the high.
Reason to sell as I see Eur has more weakness due to uncertainty in the Brexit negotiation and its developing stories in Greece and Italy. As for CAD, as of late, it has managed to strengthen against a few currencies. With Oil hitting a recently low, should traders view as a near term support on oil, one may see oil rallying which would also strengthen CAD.
Profitable Trading for All :-)
BethZu
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@FXPeak, Interesting comment to consider dear...thank u very much!!
Reason to sell as I see Eur has more weakness due to uncertainty in the Brexit negotiation and its developing stories in Greece and Italy. As for CAD, as of late, it has managed to strengthen against a few currencies. With Oil hitting a recently low, should traders view as a near term support on oil, one may see oil rallying which would also strengthen CAD.
Profitable Trading for All :-)