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EUR/CAD

EUR/CAD

2010-02-18 13:46:00
Thomas Long, Course Instructor
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This currency seems to be selling off against every other major currency and the EUR/CAD is no exception. This pair is now moving down through lows that were printed in late 2007. That is certainly enough for me to label this as a strong downtrend which means we should look for selling opportunities. I would maintain this bearish bias as long as the market remains below the 1.5033 sell side high noted on the chart.
 

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