As the EURCAD market is ranging for the last 3 days, it has presented us with an interesting situation. We are breaking down our analysis from a higher time frame to a lower time frame, for your convenience.
1. Price is currently at an important demand zone in both weekly and timeframe
2. Price has been ranging for the last 3 days and Thursday's NYSE opening volume grabbed the lows of the previous 2 days.
3. We have some big news coming for the Canadian Dollar next week.