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EUR/CAD: triple top or breakout? Crude should provide the answer

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Crude’s plunge to $30 has been the main reason why the Canadian dollar has been dropping to a fresh decade lows against the US dollar, with the black gold being Canada’s number one commodity export. Today, crude prices swung wildly to the positive territory, probably due to short-covering near the $30 handle, before both contracts fell back viciously to trade only just shy of this technically-important area as we went to press. The EUR/CAD is among the most interesting charts to watch going

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