EURCAD: BEARISH POSITIONS BELLOW 1.3138

EURCAD

Hello folks!!!,
This is my analysis brought to you after deeply analyzing the EUR/CAD Forex pair from a technical, trend and fundamental perspective:

Pivot point : 1.3138

Stop loss : 1.3175

Take profit : 1.2914

Entry Price : 1.3110

Risk/Reward Ratio : 1:3.7

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Trade Safely,
Best Regards,
Yasser Tavarez EURCAD

Trade geschlossen: Stop wurde erreicht:

STOP LOSS was reached (- 71 PIPS).

Reason:

Due to an unexpected rumor over which took place on Monday 9/12 during morning hours regarding the next raise of interest rates for euro in October (The rumor says would firmly be 0.75% as the one taking placing the current month of September).

This rumor made Euro burst against its competitor.