The loonie made a fabulous run against the euro in the past few weeks, but in the last few days we’ve seen a correction and weekness in the Canadian dollar. Is it just a correction before a continued drop in the pair, or is it a sign of what’s happening with weak commodities and Canadian data. You know me, I always try to trade with the trend, and this week I think we may see a continued drop in the euro against the loonie. Here’s an idea:
Short EUR/CAD at 1.4205, stop at 1.4225, pt1 At 1.4185, pt2 at 1.4255
Short EUR/CAD at 1.4280, stop at 1.4300, pt1 at 1.4280, pt2 at 1.4260
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