EURCAD Technical Analysis–Outlook WC 28/1/13
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January 29, 2013 - 3:47am
by Nick Simpson, Forex-FX-4X
The EURCAD currency pair has seen significant volatility this week and an associated 2.51% weekly basis gain.
Price ultimately closed the week near the 61.8% Fibonacci retrace of 1.4376 > 1.2127.
This comes as the USDCAD pair has broken above parity and EURUSD is trading close to the highs from 2012 near $1.35. The euro has seen broad based strength while the CAD has been heavily sold.
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