Euro Shrugs IFO Fearing Italy Elections, Adding 2 New USDCAD

Euro shrugs the powerful jump in Germany's Feb IFO survey as it struggles around 1.3150s ahead of the Sunday's Italy elections. Both USDCAD longs hit their final targets from Feb 19 trades, causing a breakout of an important confluence –i) breaking the Sep channel; ii) testing above the 200-WMA and possibly closing above it for the 1^st time since July 2009. As  a result, we are adding 2 NEW TRADES on USDCAD as well as 2 new charts on EURUSD and 1 on USDCAD. The SHORT part of the 2 DUAL trades in EURUSD is 5 pips away from hitting all targets, while we await the LONG part of that trade to be executed. Expect much volatility ahead and after Sunday's elections in Italy but do NOT lose sight of the fact that risk-off in FX (boosting USD & JPY) is diverging away from equities, with the latter showing unusual resilience in European bourses. Latest Premium Insights show these latest charts & trades.