From the Ichimoku indicator, EURCAD is clearly on a bearish trajectory. With all the rate hike buzz recently, it now seems increasingly likely that BOC will raise interest rates for the 1st time in seven years. Which currency would be most affected by the rate hike? In my opinion, Euros may crash today. "ECB tapering might crystallize existing fears about Italian political risks ahead of the general election that must be held by the end of May 2018." BOC rate hike in about 11hours from now may just provide the extra catalyst required to ignite the fireworks. Now, would be a good time to short EURCAD. Targets projection : 1.47600 (kijun sen) , Stop loss : 1.48900 (senkou B)
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