EURCAD: Geopolitical and Technical Analysis

The euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as the Iran-Israel conflict, was perhaps exaggerated, and now there seems to be a reevaluation as markets return to their previous positions. We may see this trend persist until the next unexpected development from oil-producing countries

I predict the green path, but I'm open to considering the red path as well.


This viewpoint incorporates both intraday and long-term trading perspectives. Enter the trade after the zones have been breached.. Regarding the long-term view, just follow the path after breaking the lines

Commentaire:

Waiting For a Break