EURCAD

Good Evening Dynamic Traders,

There does not appear to be much tradeable price movement on the 3 musketeers currently on the larger timeframe as they all appear somewhat range bound.

The EURCAD chart below has been selected for tonight's blog as potentially it may head down in the direction of the trend. Price has retraced to a Fib breather level, the last two bars are doji and therefore it is worth putting on the watchlist in case it starts its decent. Of course it may go up to test the VI and a further breather level - there are no guarantees, but at least we will be prepared to act according to the market's signals.















The Loonie is also worth putting on your watchlist for similar reasons (namely the breather level).

Good Trading!
Bijal Shah