EUR|CAD Long Opportunity

12 thg 10, 2020

EURCAD

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• Currently the EUR/CAD is Selling off, looking to retest a recent low at 1.54270
  
  
• Tomorrow the CFTC will release this weeks COT data report and upon analyzing it, we can have a better idea of the direction that price action is heading. ** I will update this analysis once the report comes out**
  
  
• If we can see a strong support around the recent low, we can expect bullish continuation which would help shift the MACD above the 0 level as well as crossing the Signal and MACD SMA lines back up indicating bullish action
  
  

12 thg 10, 2020

Ghi chú

As of now the Euro closed 10,598 Long positions and added 3,210 from 9/29/20 - 10/6/20 signifying that the EUR is growing weaker as the number of Non-commercial shorts increase and the number of longs decrease.

13 thg 10, 2020

Đã hủy lệnh

Price action failed to find support at our optimal target.