Blake Morrow’s EDGE Chart of The Day – EURCAD
Blake Morrow’s EDGE Chart of The Day – EURCAD
Bull Flag Developing
There are indications that the Eurozone and the USA may come to a trade/tariff agreement, and the EUR has picked up a bid almost across the board. One pair in particular that should get your attention is the EURCAD. With the USDCAD finding range support and the EURUSD trying to break higher, the EURCAD may be a natural breakout selection. With the key resistance near 1.6150 (2016 and 2018 highs), a break of the bull flag higher would put the pair north of 1.6400.
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