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EUR/CAD SHORT OR LONG?!

Euro / Dollar Canadien (OANDA:EURCAD)  
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OANDA:EURCAD   Euro / Dollar Canadien
Chart Patterns Trend Analysis Fundamental Analysis eurcadanalysis EURCAD eurcadshort eurcadlong
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chartpattern trendanalysis fundamental eurcadanalysis eurcad eurcadshort eurcadlong
Short Idea

With the oil prices rising and CAD being highly related to crude oil there is a high probability this time to break the resistance after testing it 5 times. A short opportunity can also be supported by the 50/200 EMA crossing.

Long Idea

Testing the price at a psychological level of 1.34000 for 5 times we can't dismiss the idea of bouncing back the resistance again and move towards the 1.36000 mark.

BE PATIENT
Trade safe,
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