EURCAD: UNDERSTANDING WHAT REALLY MOVES THE PAIR

Fundamentally EUR is stronger than cad and price just swept the Asia high and is breaking below Asia low if the break occurs then I will sell eurcad on pullbacks

I don't EURCAD is ready to sell yet

I have same projections, and that is why I Marked 1.60970 level

Yeah. Looking out for the sells as well. But waiting for price to invalidate 1.6063 price level to confirm it wants to continue downwards.

That's cool. Let's see how price will play out

My own view of what eurcad may likely do

There is something so particular about Monday highs and lows, I noticed they serve as reference levels , where by price can move away from it for a week or two and then return back afterwards taking out liquidity and then breaking a key structure level.

I will Combine the strategy with present fundamentals and document all my findings on this strategy based on its reactions on eurcad

We cannot ignore fundamentals, how do you monitor Canadas oil inventory?

US tariffs can influence the pair too, what's the situation with the tariffs bro?

You check the website for it or research on it presently it is the June data that is available it was posted on August that Canada’s oil inventories decreased from June’s opening to closing levels.

Crude oil: −377,586 m³

HGLs/refined products: −58,665 m³

👉 Overall: inventories fell, which can indicate stronger oil movement/demand and is generally supportive of CAD.

The U.S. has imposed 50% tariffs on a broad range of Canadian goods, which was effective as of August 22.

Canada responded on September 8 with 15%, 25% and 50% retaliatory tariffs on about C$27.6 billion of U.S. imports.

The trade conflict is escalating, the U.S. has also announced bans on certain Canadian alcohol, dairy products and motorcycles beginning September 29.

The Canadian dollar has recently weakened somewhat despite oil being above $100/barrel, with trade tensions cited as one of the pressures on CAD

Combining it with fundamentals will give it an extra edge

Yes and price is still reacting below that Monday high reference level, still watching I expect price to sweep above it today against next week open

Yeah

This is gold after CPI, this move alone has changed gold bearish Idea

Yeah USD pairs are now turning bullish after CPI release

That CPI has no impact and price will resume soon, yield is dropping again, vix too I have checked and risk on environment still continue but let's see next week

Alright then

Looking at price maybe Monday high will be used as a level for liquidity run , not certain yet untill next week price open, then I will know if price will still fall or reverse

From the look of things it may fall, but price might have a change of heart next week