Follow up on yesterday's post re: worrying about USD/CAD. Lower USD/CAD (now 1.0585), respecting the daily UpTL break, has helped push EUR/CAD back to critical lows now. Just a slight push, whatever the trigger, could see fresh downside momentum develop.- USD/CAD looks like respecting recent consolidation ranges roughly = 1.0750/1.02 still (see weekly chart).
- EUR/CAD now at 1.4587.
- Monthly : Exciting SHS top in motion. KIV this picture when doubts arise in the face of difficult price action.
- Weekly and Daily : This week's push to high of 1.4777 = healthy correction. Now we continue lower.
11 February 2010
EUR/CAD : So Far So Good ...
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