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DailyFX Home / Analyst Picks / David Song

Euro Cross Pick 03.23.2012

By , Currency Analyst
23 March 2012 19:55 GMT

In light of the recent run up in the EURCAD, the pair looks poised to end the week above 1.3200, and we will look for an opportunity to buy the pair next week as the double-bottom gathers pace. Following the failed run at the 100-Day SMA (1.3338), we are waiting to buy the euro-loonie on a pullback, and would like to get in if we see the exchange rate fall back towards the 20-Day SMA at 1.3114.

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23 March 2012 19:55 GMT