#EURCAD Medium / Long term Outlook and Positioning

The charts of the pair are currently as follows:

#EURCAD H4

#EURCAD Daily

#EURCAD Weekly

The outlook for the coming quarters given by institutional research teams is as follows:

CIBC

q1 1.61 q2 1.59 q3 1.62 q4 1.64

Societe Generale

q1 1.45 q2 1.48 q3 1.50 q4 1.52

ScotiaBank

q1 1.51 q2 1.50 q3 1.51 q4 1.50

The #EUR and #CAD outlook have been discussed in other posts of this blog.

There is a combination of factors that will affect the pair in the next quarters and any forecast of these would be highly speculative.

A continuation of the general strengthening of the  #EUR, no major events are expected that could trigger very big and sudden moves on the pair, no major negative economic data expected on neither of them, are all valid assumptions.

No trend reversal in any of the charts.

The range in which the pair is expected to move in the coming quarters is:

Medium / Long term positioning is long