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EURCAD D1 05 25 2020 1006

 

The beginning of an uptrend is expected for the EUR/CAD pair. The MACD is positive, and the price stays above EMA 100, on the daily chart. The price remains into a range, between 50% Fibo and 61% Fibo.
The weekly chart also confirms the uptrend. The stochastic oscillator shows a retracement. The price on the weekly charts is already above EMA 20, EMA 50, and EMA 100.

The most important data of this week:

May 27
BOC Governor Poloz speech
May 28
Eurozone Economic Sentiment (70.6 expectation); ( 67 previous)
Germany Inflation Rate YoY (0.6% expectation); (0.9% previous)
MoM (-0.1% expectation); ( 0.4% previous)
May 29
France Inflation Rate YoY (0.3% expectation); ( 0.4% previous)
MoM (0.1% expectation); ( 0.00% previous)
France GDP QoQ (-5.8% expectation); (-0.1% previous)
Austria GDP QoQ (-2.5% expectation); ( 1.0% previous
Italy GDP QoQ (-4.7% expectation); (-0.3% previous)
Eurozone Inflation Rate YoY (0.8% expectation); (0.9% previous)
Canada GDP YoY (-10.% expectation); (+0.3% previous)
MoM (-9% expectation); (0.00% previous)

EURCAD W1 05 25 2020 1006

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