Break the neck line and off we chop , also its made a lower high so the buyers are trying but losing the battle slowly by not acheiving higher grounds ....
Ive been scaling in on this short as you know for a while now ..
Remember right now the ECB are pumping in loads to inject the eurozone economy, but it still doesn't deter from the fact it devalues the currency and all whilst we have a very weak USD .... so when the USD buyers step in this will be like trying to catch a sharp knife if you dare ....
The correlation for this pair and AUDCAD is at .46 at the moment - I currently have this (as a Sell) and AUDCAD (Buy) open. Would you recommend closing one of these due to positive correlation? Thank you!
Cabot101Management
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@j_911_milion, ( The correlation for this pair and AUDCAD is at .46 at the moment ) you need to elaborate please ?