Good Evening All,
I was just looking at some of the pairs and it looked like on the daily the USDCAD was getting ready to start rebounding with USD strength. (Long at 1.2559 USDCAD) If that holds true I would expect some downward drag on the EURUSD from it. For me the better play is on the USDCAD, but I will be back at the EURUSD as soon as its trend takes better shape.
Good luck to all!
I was just looking at some of the pairs and it looked like on the daily the USDCAD was getting ready to start rebounding with USD strength. (Long at 1.2559 USDCAD) If that holds true I would expect some downward drag on the EURUSD from it. For me the better play is on the USDCAD, but I will be back at the EURUSD as soon as its trend takes better shape.
Good luck to all!
Wick versus candlestick ratio will set you free.