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EUR/CAD

EUR/CAD

Thomas Long, Course Instructor

This downtrend of the EUR/CAD is a good representation of matching a weak currency (EUR) with a strong currency (CAD). The next support level to watch for is the 1.3287 low of November of 2009. A move down through that level would represent a new 9-year low. I would continue to look for selling opportunties as long as the pair remained below the 1.38443 buy side high of March 29th.
eurcad 040710

 

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