EUR - BEARISH
1️⃣ As rising coronavirus infections remain in the spotlight and enthusiasm over a working vaccine fades.
2️⃣ In Germany, the federal government and regional leaders will meet again in a week to discuss the need for further restrictions.
CAD - BULLISH
1️⃣ The CAD was also supported by a rally in oil prices.
2️⃣ Canada CPI for October is set to surge as IVEY PMI reported an increase in price component.
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Technical
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We are selling the EURCAD below the resistance on the H1 chart.
1️⃣ As rising coronavirus infections remain in the spotlight and enthusiasm over a working vaccine fades.
2️⃣ In Germany, the federal government and regional leaders will meet again in a week to discuss the need for further restrictions.
CAD - BULLISH
1️⃣ The CAD was also supported by a rally in oil prices.
2️⃣ Canada CPI for October is set to surge as IVEY PMI reported an increase in price component.
=====
Technical
=====
We are selling the EURCAD below the resistance on the H1 chart.
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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.