EUR Weakness - Long Term Market Barometer Outlook

8 במרץ 2017

Hi guys, this might be the most important currency to update. The EUR has been ranging inside an upward channel for a couple of weeks. The EUR recently punched below support and is pushing down. The EUR bears will be happy. We should see continued EUR weakness for the next couple of weeks. The EURUSD will be a mess to trade (because both sides are bearish). With the EUR short and the CAD long, my pick is the EURCAD. I'll look for a logical place to short the EURCAD.

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.