The Euro Canadian Dollar may have more left in the move down.
Although the market has sold off significantly there is a well compressed Minor Pivot Stack formed which is providing a good resistance range against the price retracing back up.
Sell into weakness and the downtrend at 1.50980, then place a stop loss at 1.52840. This makes for a good risk reward trade with the profit target at 1.47900.
Although the market has sold off significantly there is a well compressed Minor Pivot Stack formed which is providing a good resistance range against the price retracing back up.
Sell into weakness and the downtrend at 1.50980, then place a stop loss at 1.52840. This makes for a good risk reward trade with the profit target at 1.47900.