Analysts at BNP Paribas recommend selling the euro against the Canadian dollar at 1.4380 (spot at 1.4359).
They target 1.38 and have a stop 20 pips above the 55-day moving average, which is at 1.4574.
Everyone hates the euro (and with good reason) but they’re selling against CAD because of “excessive” bearishness on the loonie.
