Next week ideas : Time for a good short in EUR/CAD

Big picture - CAD gets support from oil prices and EUR looks really unstable now amid lots of political news and coming events. Having this in mind I’d say chances we’ll see it going down are higher then those for a bounce.
I do not expect 1.38 support will surrender easily, so my idea for this week is a whipsaw with little chances for decent short-term trades. Instead it might be a good time to set a tight risk longer term short.

Kommentera:

1.38 definitely did not surrender easily. it looks like it gonna take some for the price to get back to this support.