Inside the Currency Market: EUR/CAD

EUR/CAD is already at overbought sell points just below 1.4822 and 1.4930, Range break above not seen until 1.5047. We begin shorts to target 1.4889, 1.4882, 1.4874 and eventual break of 1.4849 to target 1.4836 and lower to 1.4829, 1.4822, 1.4816, 1.4811, 1.4794 and Bottom 1.4774. Range break below 1.4650, Bottom 1.4774.

Hope this trade isn’t for naught. Next USD/CAD, Maybe USD/JPY. Open for suggestions.

Brian Twomey, Inside the Currency Market, btwomey.com

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