Like the title says.
While the EU still maintains a positive account balance, the BoC couldn't steal, print or borrow and other dime (not even a Canadian one), even if their life depended on it.
Here is the Daily;
The pair has reached a somehow interesting area. On the one hand it broke a long term trendline on the 3rd of July but now seems to have found support at the 1.468 area. I believe the pair can rally to retest the resistance at the 1.4915 area. Reasons for believing this are :
1) Support area at 1.468 has been respected
2) We saw the formation of a pinbar...
Price action is at a crucial point reaching a major daily support zone (red zone). Here we are looking for a reversal in price action, therefore we are long with take profits set on the green zones. FX:EURCAD