Last 1.4739.
- Move lower underway for the past 1 month now but further downside potential appears large, especially if we can manage to close below 1.5016 for Jan10.
- Note 2002-2004 triple top sell signal led to collapse from around 1.57 to 1.3545.
- This time round, a SHS top is evident and pointing towards 1.3665.
- Unwittingly legged into this : Short EUR/USD @ 1.4475 and short USD/CAD @ 1.0353 = Short EUR/CAD @ 1.4986.
18 January 2010
EUR/CAD : Sell
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