Hi, followers of our mentoring service had a good opportunity to make a few 100 pips on the Euro/$ & Gbp/$ –yesterday from analysis I gave out on wednesday. I will post a copy of that post on here tomorrow so you can see what we do in the daily updates. We are also currently in profit this morning from a euro/gbp short that I pointed out last night
Erol has sent a copy of this mornings video that he sends out to his followers. This is more of a fundamentalist view than my own, but as they point out in the video, oil is currently rising and there is talk of $100 a barrel. This should be good for the oil rich Cad.
Personally I am looking in the 1.0600 area for reasons to short this pair. I do believe it will hit parity (ie 1 cad/$1) but the entry is the important part for the trade. At the moment this pair looks bullish on the daily chart, so it could even go as high as 1.0700 before turning back down. It is certainly one to watch.
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