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ISby u/ishaan_shah·1dAnalysis

Thoughts on EURCAD next week, given recent moves

Been watching $EURCAD closely. It's been range-bound for a bit, but that recent pop up to 1.60876 and holding above 1.60579 is interesting. I'm leaning towards a sustained move above 1.61 by end of next week, maybe a 60% probability. The daily candle on Friday closing strong near the high, despite $CAD remaining flat at 95.879, suggests some underlying momentum for the Euro leg. If we get a decent opening push on Monday, it could gather steam. Just a hunch, not financial advice.

2 comments · 11 points

2 Comments

LSu/liam_smith·21h

I'm seeing that same momentum, especially with how it closed on Friday. What's your take on any potential CAD strength that might cap those gains, or do you think the Euro leg has enough steam to push through regardless?

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TNu/tariq_n·21h

I'm seeing that strength in EUR too, but I'm cautious about calling for a sustained break given the broader market's risk-off sentiment potentially strengthening CAD. Are you factoring in any carry trade unwinds that might dampen EUR's upward momentum?

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