Hello Traders, what’s going on market after US closing? 😉
EUR/CAD
Few days before Christmas and New Year’s Eve we might desperately searching for a trading signal. Well, we probably found one because EUR/CAD’s looking good. CAD loses it’s ground with still bearish sentiment on oil. There are no signs of any change in current situation, so with todays candle etablished new highs, we really should consider going long on EUR/CAD.
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CAD/CHF
Opposite to EUR/CAD, CAD/CHF has established new lows with wider trend still strongly bearish. In current situation we will probably see price touching last low level before Christmas Eve.
USD/CHF
Price action on USD/CHF might signaling further falls with last couple of candles below green resistance zone do so. Wider trend is still bullish, but there is a chance to gain some pips with short term short position.