EURCAD 1Hour Signal Chart

Follow signal progress on the chart below.

Euro vs Canadian Dollar 60 minute chart (click on chart to zoom)

EURCAD Comment

Good afternoon , This is our view regarding the Euro vs Canadian Dollar pair, following the early European session today Monday September the 4th. By: Sherif Butt – www.LIONsignals.com


The Euro vs Canadian Dollar pair, Has surged higher during the European session this morning. With the pair gaining nearly 15 pips, it continue’s to move down in a strong BULLISH trend as it did in the past days ( view Daily chart below ).
On the other hand, EURCAD is holding well below the long term 200 days simple moving average (thats why we dont recommend any long trades on the EURCAD for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend.
CONCLUSION: [We highly recommend to avoid trading EURCAD for today Monday as we might be dealing with a choppy rising correction for rest of the day.] However As per above general BULLISH trend; Only Short trades to be considered following completion of any counter trend rising correction on the 60-minute chart.

β–² Buy Signal Details

Time Mon 2017.09.04 15:17
Pair EURCAD
Buy@ β–² 1.4765
Stop @ 1.47090
1s TP @ 1.48190
2nd TP @

No 2nd TP!

Euro vs Canadian Dollar Buy signal information table


EURCAD Chart

EURCAD Daily Live Chart


(Note: This conclusion is only valid as long as price is holding below the 200 periods simple moving average (red dotted line) on the 60-minute chart,
A Short signal is available now for review on the right
)

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