EURCAD short
The EURCAD cross is now testing a major uptrend line. If this support fails to hold, we could see a steeper decline. Fundamentally, the euro might continue lower due to weak data and dovish ECB.
Thus, we would like to short this cross on a breakdown below the previous lows and trend line.
Thus, we would like to short this cross on a breakdown below the previous lows and trend line.
Trade closed: target reached
Trade closed for profit. 2.25 RRR
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.