DAILY TRADING | PRICE ACTION FOREX

Hello Naked Traders-

Eur/Cad

The pair shows a clear trend on the daily chart. In fact, the short-term trend is short and the last three days have been a true bullish rally. We are very close to 50% of the bearish movement began on 5 December and this can give short cues. In line with the weekly chart on this level, between 1.2910, and 1.2880 we could revisit the bears to sell euro countervalue canada. Areas of support are 1.2650 and 1.2480.

 

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