EURCAD Shorting Opportunity
Watching for a shorting Opportunity around the 1.527 area. Reasons - Prior Resistance, 2.61 Fib extension, top of rising wedge channel.
We could a strong push to there on tomorrow's BOC interest rate decision then a swift drop after the OPEC meeting (where OIL production will continue to be cut to drive up oil prices - which is good for the CAD).
A more conservative approach would be a sell on the break down of the ascending triangle. GL
We could a strong push to there on tomorrow's BOC interest rate decision then a swift drop after the OPEC meeting (where OIL production will continue to be cut to drive up oil prices - which is good for the CAD).
A more conservative approach would be a sell on the break down of the ascending triangle. GL
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