EUR - BEARISH
1️⃣ The Eurozone consumer prices dropped 0.2% from a year earlier in August 2020, the first decline since May 2016.
CAD - BULLISH
1️⃣ WTI crude futures rebounded slightly to trade above $40 per barrel on Thursday, as investor focus shifted to an OPEC+ meeting later.
2️⃣ Expect positive retail sales tomorrow due to stronger labor data in July.
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TECHNICAL
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- We're shorting this pair on SBR level + SMA100 area on H1 chart.
- EURCAD in bearish zone.
1️⃣ The Eurozone consumer prices dropped 0.2% from a year earlier in August 2020, the first decline since May 2016.
CAD - BULLISH
1️⃣ WTI crude futures rebounded slightly to trade above $40 per barrel on Thursday, as investor focus shifted to an OPEC+ meeting later.
2️⃣ Expect positive retail sales tomorrow due to stronger labor data in July.
=====
TECHNICAL
=====
- We're shorting this pair on SBR level + SMA100 area on H1 chart.
- EURCAD in bearish zone.
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