EUR is not having a great day, but a shift in good numbers from EUR will trigger a bull reaction and may reverse EURCAD. I am waiting for this to happen because every indicator on this chart is hinting a bull reaction. Wait for a confirmation before going in. Risk/Reward adjusted to 2.7.
These days CAD is been a strong currency, that can not last. I have my eye on EURCAD. It have been sneaking upwards in its indicators and waiting for it to break 10EMA and 55MA before taking action.
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
we have a broken trendline and MACD divergence.