As you can see, the EUR was making multi-year lows against the CAD and is not very far from its historical lows. While I don't think the EUR will fall as low as 1.30, it would be a superb opportunity to go short the CAD long the EUR at those levels.
2010-04-13
CAD ripe for shorting - pt2
My friend Jeff sent me the historical chart of the EUR/CAD over the week-end. Unfortunately, I was away until this evening, with no access to the Internet.
As you can see, the EUR was making multi-year lows against the CAD and is not very far from its historical lows. While I don't think the EUR will fall as low as 1.30, it would be a superb opportunity to go short the CAD long the EUR at those levels.
As you can see, the EUR was making multi-year lows against the CAD and is not very far from its historical lows. While I don't think the EUR will fall as low as 1.30, it would be a superb opportunity to go short the CAD long the EUR at those levels.
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3 comments:
also you have the word 'rape' in the title... I think you mean 'ripe'
It will be interesting to see if your thesis plays. I see reasons to take the other side of the trade but a time frame would have to be defined.
Oops, that's quite a mistake. Thanks for pointing it out!
Central Bunk, please see my latest post:
http://realitylenses.blogspot.com/2010/04/cad-is-correcting-nicely.html
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