Sell on a level breakthrough of 1.2856 with 1.2750 target. Stop loss = 1.2920.
Reason for the trading strategy
Yesterday, the EIA published a forecast on oil production in the US for April - May. In April, the US shale oil production will fall from the current figure of about 5 million barrels per day to 4.95 million, and in May it will fall to 4.84 million barrels a day. This will support the oil prices in the examined period.
Reason for the trading strategy
Yesterday, the EIA published a forecast on oil production in the US for April - May. In April, the US shale oil production will fall from the current figure of about 5 million barrels per day to 4.95 million, and in May it will fall to 4.84 million barrels a day. This will support the oil prices in the examined period.
The USDCAD pair is testing its yearly low
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