I figure that in an inflationary environment, the cad and commodities should outperform ... the euro is trash right now and there is no telling what Europe will make of the moves post the NY session's mega volatility. if I had to pick a currency i would choose the greenback and given the market profile of eur/cad, with the path of least resistance to the downside, I figure we should have a correction at this juncture. the hourly chart needs one and that exposes my breakeven point. so taken 80pct off here and let the rest run at breakeven. sadly that reduces the R to just under 1.5R.
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