19 Dec 2014
EUR/CAD: 2014 trend decline has stabilized - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered a technical eye over the EUR/CAD.
Key Quotes:
“EUR/CAD’s slide back into the middle of the September/October trading range and neutral-looking trend momentum indicators suggest more range-trading for the cross in the near-term at least. Over the past month, EUR/CAD has rejected a break below 1.40 and a push above 1.45 quite clearly”.
“Longer-term price signals do suggest that the 2014 trend decline in EUR/CAD has stabilized but prospects for a rebound have been dulled by the EUR’s reversal from 1.45+ levels this week. We are neutral here directionally for the moment”.
Key Quotes:
“EUR/CAD’s slide back into the middle of the September/October trading range and neutral-looking trend momentum indicators suggest more range-trading for the cross in the near-term at least. Over the past month, EUR/CAD has rejected a break below 1.40 and a push above 1.45 quite clearly”.
“Longer-term price signals do suggest that the 2014 trend decline in EUR/CAD has stabilized but prospects for a rebound have been dulled by the EUR’s reversal from 1.45+ levels this week. We are neutral here directionally for the moment”.