EUR - BEARISH
1️⃣ Europe has been hit hard by the second wave of the coronavirus, becoming the second region after Latin America to surpass 250,000 deaths on Saturday.
2️⃣ German IFO declined as businesses grow more nervous with virus cases on the rise.
3️⃣ Main focus this week is ECB who is widely expected to be dovish as new restrictions curtail economic activity.
CAD - BULLISH
1️⃣ A modest uptick in crude oil prices (now up nearly 1% for the day) underpinned the commodity-linked currency.
2️⃣ Investors will keep an eye on the Bank of Canada’s monetary policy decision later this week.
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TECHNICAL
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- We're looking to sell this pair on SBR level + SMA50 area on H1 chart.
1️⃣ Europe has been hit hard by the second wave of the coronavirus, becoming the second region after Latin America to surpass 250,000 deaths on Saturday.
2️⃣ German IFO declined as businesses grow more nervous with virus cases on the rise.
3️⃣ Main focus this week is ECB who is widely expected to be dovish as new restrictions curtail economic activity.
CAD - BULLISH
1️⃣ A modest uptick in crude oil prices (now up nearly 1% for the day) underpinned the commodity-linked currency.
2️⃣ Investors will keep an eye on the Bank of Canada’s monetary policy decision later this week.
=====
TECHNICAL
=====
- We're looking to sell this pair on SBR level + SMA50 area on H1 chart.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.