The Euro has been showing an upward trend in terms of strength. Our currency strength meter currently shows that the EUR is getting stronger while the CAD is getting weaker. We’ll also discuss last week’s bullish close for EURCAD and what this could mean for trades in the coming week.įor those unfamiliar, a currency strength meter provides a quick, visual way to assess the strength or weakness of major currencies. Today, we’ll take an in-depth look at an example scenario where the Euro (EUR) is showing signs of strength, while the Canadian Dollar (CAD) is weakening. One tool that many traders rely on is the currency strength meter. In the ever-changing landscape of forex trading, understanding the strength vs weakness of various currencies can provide a significant edge. Unlocking the Secrets of Currency Strength vs Weakness
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