Despite our long term trade in the EURCAD we also like the current looks of the 1h chart and would short the pair now. We sold at 1.4492 with SL at 1.4560 and open TP. Without major news on the CAD today we could likely leave this trade on during the FED news event.
Forecasts show that the Federal Reserve will keep rates on hold for now but questions might arise about their asset purchases given the increasingly worrisome yield curve. The FOMC event is bound to present a number of trading opportunities in the forex markets and I will be giving a free live BDSwiss webinar on the event. Watch me trade, analyse the markets and answer your questions live by signing up for my free webinar.