EURCAD update 05.04.2018
Pretty simple pattern, with the usual political disclaimer of course making this is a volatile pair.
1.5641 is the 38.2% fibo of the Jan-Mar rally, which needs to give way for another 1% move lower. As the NAFTA news filtering through is rather positive, I expect it happen sooner rather than later. I keep the short in place, may add again depending on headlines if we see a retracement to mid 1.57s ( 09 mar low)
EURCAD D1 05.04.2018