EURCAD H4: BULLISH MOMENT OBSERVED STRONGLY
Updated
EURCAD H4: BULLISH MOMENT OBSERVED STRONGLY
The EURCAD denotes how many Canadian Dollars are needed to purchase over one Euro. Crude oil is also one of Canada's largest exports & as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.
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The EURCAD denotes how many Canadian Dollars are needed to purchase over one Euro. Crude oil is also one of Canada's largest exports & as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.
Note: For more updates and information about different pairs of the market keep following me.
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