EURCAD Higher
I like EURCAD higher here.
There's a nice triple bottom that we've bounced off of which allows for a good stop loss.
I think EUR yields are jumping on the back of the SNB rate hike which surprised the market quite a lot. EURCAD rate differentials have been a good correlation to EURCAD and they are currently jumping.
EURCAD should also perform as a bit of a risk off trade to the upside with global tightening and the vix rising. global slowdown has been a worry for the markets and i think CAD would suffer more so than EUR in this type of environment.
Not trading/investment advise, feedback welcome!
There's a nice triple bottom that we've bounced off of which allows for a good stop loss.
I think EUR yields are jumping on the back of the SNB rate hike which surprised the market quite a lot. EURCAD rate differentials have been a good correlation to EURCAD and they are currently jumping.
EURCAD should also perform as a bit of a risk off trade to the upside with global tightening and the vix rising. global slowdown has been a worry for the markets and i think CAD would suffer more so than EUR in this type of environment.
Not trading/investment advise, feedback welcome!
註釋
taking profit here for 2.04:1 RR
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