Morning traders, EURCAD take profit hit, to note is the impressive bullish daily candle printed yesterday on USDCAD, like we mentioned, the USD weakness didn't feel right and it's proving (so far) that it was just a technical squeeze, we will be looking (carefully) to position long USDs again next week as we want to head into the May 4 FOMC with Dollar longs Elsewhere, today's a bank Holiday so not much to do but there's ONE very important comment to keep in mind going forward that hit the wires yesterday, the EU is drafting an OIL embargo against Russia, they will discuss it after the French elections, hence after April 24, that means one thing, geopolitical escalations are far from over, on that the EUR and GBP are likely to continue to underperform across the board