MONTHLY CHART: There is no doubt that EURCAD has a tremendous amount of real estate to cover, potentially. The EUR may be due to appreciate across the board and there is ROOM TO RALLY. Outsized moves after regime changes are not uncommon in FX, we are at the midway point of a cyclical move in EURCAD and all indications are that we may test the upper limits of the range.

CAUTION: There are no straight lines in markets and positioning is an issue, watch for fierce counter trend moves and take advantage of them to position for the BIGGER PICTURE.