EURCAD Higher
Like buying EURCAD here.
We broke out of a range to the upside recently which i think holds and moves higher.
I think the narrative for CAD is changing, people were buying the CAD on a strong economy, good trade balance and a hawkish BoC . I think this is all moving in the opposite direction now while the EUR story is now moving in a good direction, we had some bad russia news this morning but i think this is more of a buy into rather than a sell for EURCAD. the EU energy story is better and people like the hawkish ECB.
rate differentials are higher, commodities are lower.
not trading/investment advice, feedback welcome.
We broke out of a range to the upside recently which i think holds and moves higher.
I think the narrative for CAD is changing, people were buying the CAD on a strong economy, good trade balance and a hawkish BoC . I think this is all moving in the opposite direction now while the EUR story is now moving in a good direction, we had some bad russia news this morning but i think this is more of a buy into rather than a sell for EURCAD. the EU energy story is better and people like the hawkish ECB.
rate differentials are higher, commodities are lower.
not trading/investment advice, feedback welcome.
ملاحظة
risking 2% on this oneملاحظة
coming out of second one for 0.05% loss, keeping original tradeملاحظة
entering again at 1.3277 now that the fed meeting is done
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إخلاء المسؤولية
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