Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: After the change of character here I see price to continue bearish price action as we can see that the imbalance was almost filled and the price rejected from institutional big figure 1.49000.
Fundamental analysis: Next week we have news on EUR and CAD. On Thursday will be released Interest Rate on EUR, followed by ECB Press Conference and on Friday monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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‼️ This is my perspective on EURCAD.
Technical analysis: After the change of character here I see price to continue bearish price action as we can see that the imbalance was almost filled and the price rejected from institutional big figure 1.49000.
Fundamental analysis: Next week we have news on EUR and CAD. On Thursday will be released Interest Rate on EUR, followed by ECB Press Conference and on Friday monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
Like, comment and subscribe to be in touch with my content!
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