Good Morning everyone, the price of the Euro against the Canadian Dollar is falling just near the end of the annual cycle.
We still have some time to see it drop below the November lows, personally I see 1.40526 as a good level of buying, but only the MCS will confirm this.
The excess weakness on the MCS is showing up, the channel is tightening fast and everything points to a buy signal within the first ten days of February.
For now we wait and do not anticipate anything, not even on the support at 1.4198, clear ?? :)
We still have some time to see it drop below the November lows, personally I see 1.40526 as a good level of buying, but only the MCS will confirm this.
The excess weakness on the MCS is showing up, the channel is tightening fast and everything points to a buy signal within the first ten days of February.
For now we wait and do not anticipate anything, not even on the support at 1.4198, clear ?? :)
TheCyclicalTrading.com