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!
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