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EUR/CAD – Bear Speculation: Development on 31st August Ideas

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Trading opportunities for currency pair: the euro is under pressure since market participants expect the ECB to extend its QE program. Due to these expectations and the stable oil price around 50 USD, expect the euro to fall to 1.4490 and below. A close of the weekly candle above 1.4930 will stop any fall. Background In August we could see a pinbar forming, on the weekly graph. I went for a fall of the euro to 1.4490 and then to 1.4220. Between 31st August and 19th October, the EUR/CAD has

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