EUR - BEARISH
1️⃣ EUR declined amid the demand in USD.
2️⃣ German investor morale fell more than expected in November.
3️⃣ Investors remain concerned about rising COVID-19 cases and new lockdowns across Europe.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
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Technical
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We are selling the EURCAD at resistance zone + below SMA 50 in H1.
1️⃣ EUR declined amid the demand in USD.
2️⃣ German investor morale fell more than expected in November.
3️⃣ Investors remain concerned about rising COVID-19 cases and new lockdowns across Europe.
CAD - BULLISH
1️⃣ The CAD benefitted from the rising in oil prices amid coronavirus vaccine hopes.
2️⃣ Risk-On tone support the CAD.
=====
Technical
=====
We are selling the EURCAD at resistance zone + below SMA 50 in H1.
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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.