Last 1.4694.- Through the recent EUR/USD rout, USD/CAD has almost kept pace on the upside. As such short EUR/CAD has underperformed. This looks like it is about to change.
- Monthly : Down trend firmly established.
- Weekly : Fresh down leg in motion. Taking out 1.4667 should kill this pair.
- Again, likely that we have to wait for post NFP to secure the next down leg. Until then, things can still go horribly wrong (as per bullish Gold call at 1121).
05 February 2010
EUR/CAD : Next Please !
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