Trade Review: EUR/CAD

As expected, EUR/CAD continued its downtrend, but was interrupted by the German Ifo Business Climate Index numbers. The market was expecting much worse due to the terrible ZEW report earlier this week, but the Index number came out as expected at 105.0 – good for the euro, bad for our trade. Our second lot was stopped out at breakeven. Eventually, the pair went back into short mode as you can see on the chart. I will continue to watch this pair for longer term trades as it seems like the trend will continue for a while.

Lot 1: +20 pips

Lot 2: +00 pips

Total: +20 pips