Fundamentals & Sentiment
EUR:
- Undervalued against other high-beta currencies, as far as market internals are concerned
CAD:
- Expected bad data from the US (MoM CPI and Retail Sales) to impact CAD
Technical & Other
Setup: S(B)
Setup timeframe: D
Trigger: 4h
Medium-term: Uptrend
Long-term: Sideways
Min target: November highs
Risk: 0.42%
Entry: Market
EUR:
- Undervalued against other high-beta currencies, as far as market internals are concerned
CAD:
- Expected bad data from the US (MoM CPI and Retail Sales) to impact CAD
Technical & Other
Setup: S(B)
Setup timeframe: D
Trigger: 4h
Medium-term: Uptrend
Long-term: Sideways
Min target: November highs
Risk: 0.42%
Entry: Market
Trade closed manually:
Breakeven
Comment:
The price action is very choppy, the price doesn't hold after negative Canada CPI
Trade active:
got in with a buy limit at the entry price
Comment:
the price action showed strong support forming around 1.4780
Trade closed manually:
Closed slightly below breakeven
Comment:
(0.42% SL)