18 Dec 2014
EUR/CAD loses 400 pips in 2 days
FXStreet (Córdoba) - EUR/CAD dropped further on Thursday on the back of a weak euro and bottomed at 1.4231. During the last hours the pair has been consolidating, moving in a range with support around 1.4230 and resistance below 1.4280.
On Asian hours the pair was trading above 1.4350 but broke below previous lows and then accelerated under 1.4320 on the European session.
EUR/CAD retreats sharply from 4-month highs
Two days ago the pair climbed to 1.4642, reaching the strongest level since August 11, but it was rejected from 1.4600 and started to make a bearsih correction. On Wednesday dropped dramatically and continue to decline on Thursday.
From weekly highs EUR/CAD lost 400 pips and is now back at the same level it had at the beginning of the month.
On Asian hours the pair was trading above 1.4350 but broke below previous lows and then accelerated under 1.4320 on the European session.
EUR/CAD retreats sharply from 4-month highs
Two days ago the pair climbed to 1.4642, reaching the strongest level since August 11, but it was rejected from 1.4600 and started to make a bearsih correction. On Wednesday dropped dramatically and continue to decline on Thursday.
From weekly highs EUR/CAD lost 400 pips and is now back at the same level it had at the beginning of the month.