The EURCAD is trading in a short term range, around a LT level. We don’t know yet what the EURCAD will do in the next few hours/days, we need to wait for a breakout, then I’ll look for a trade opportunities in the direction of the breakout:

If a breakout happens, on either side we have enough room to get a good risk-reward ratio, we’ll see what happens.

Trade Safe!

Raul Lopez
Forex Training