EURCAD Again in a bullish wave - Short Term Trade
Updated
EURCAD Again in a bullish wave
EURCAD is creating a new high above 1.5120
This bullish momentum today was created by the BOC CPI data which came in lower than the previous month Indicating further depreciation for CAD.
In the short term we should see EURCAD rising up to the top of the structure and a move above
1.5140 should push it further.
CAD BoC Consumer Price Index Core (Jul)
Actual 1.7%
Previous 1.9%
13:30 CAD Consumer Price Index (Jul)
Actual 2.5%
Previous 2.7%
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURCAD is creating a new high above 1.5120
This bullish momentum today was created by the BOC CPI data which came in lower than the previous month Indicating further depreciation for CAD.
In the short term we should see EURCAD rising up to the top of the structure and a move above
1.5140 should push it further.
CAD BoC Consumer Price Index Core (Jul)
Actual 1.7%
Previous 1.9%
13:30 CAD Consumer Price Index (Jul)
Actual 2.5%
Previous 2.7%
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
Note
EURCAD should go higher...there is bullish momentum after the CPI data and it continues to riseTrade closed: target reached
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