Okay please refer to earlier post last week on this pair ( the EURO is losing steam ) , The story is, I had my eye on this for a while, and re-entered last night after the Macron win, so we have the Buy the rumour sell the fact in play , plus the added bonus of getting back in at a better price .
Our view has not changed, and We have an OPEC meeting coming up which should provide some relief for OIL , prices are up nearly 7 % from Fridays low and as you can see from the chart posted below , its bounced off the 0.618 fib line, this will help the CAD.
Entry @ 1.51
Stop @ 1.52
Targets in play
TP1 @ 1.46
TP2 @ 1.42.40
Have a great week people and stay tuned ........