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 Short Eur/cad

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fxpulsation




Posts : 8759
Join date : 2012-01-25

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PostSubject: Short Eur/cad   Short Eur/cad Icon_minitimeWed May 30, 2012 12:18 pm

Short Eur/cad




Quotes from RBS:
-After a brief retracement higher, EUR/CAD is once again testing our take profit level of 1.2780. Our short-term fair value, currently at 1.21, still points towards significant downside in the pair. However, our expectations for EUR weakness as markets prices in easing expectations appears to be discounted in markets and as a result we are wary of establishing new short EUR exposure at current levels.


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