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Instrument: EURCAD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.45939 with take profit at 1.46091.
Bearish Preference:
A sell position is envisaged if the price trades below 1.45643 with take profit at 1.45511.
Fundamentals:
None with High Impact
Comment:
Data released earlier Thursday showed that German first-quarter output shrank 0.3% from the previous three months following a 0.5% drop between October and December. This meant that Europe’s main growth driver suffered from a winter recession.
Analysis: SCRUM Team
