EUR/USD on the Weekly chart has hit the 200% Fibonacci level @ 1.3675.
The next Key level is at 261.8% Fibonacci level @ 1.3988.
The pair has created a Four-wave correction pattern with targets @ 1.3062/1.2808/1.2661.
Conclusion:
I anticipate a Bearish Reversal with Medium-term target @ 1.3000 and strong support @ levels - 1.3225/1.3025/1.3000.
Bearish: Trend reversal - targets @ 1.3062/1.2808/1.2661.
Bullish: Trend continuation - target @ 1.3988.
USD/CAD Medium-Term Outlook
USD/CAD has a current Bullish signal on the 4 Hour chart andBearish signal on the Daily chart.
On the Daily chart USDCAD remains in a Bearish trend with the1 st Bearish target @ 0.9852.
On the 4 Hour chart Bullish 4-ware correction pattern targets@ 1.0012/1.0036/1.0049
Also the 'projected path indicator' has a Bullish target @1.0086 and the previous Level 3 target is at target 1.0095.
Conclusion:
I anticipate USD/CAD to remain Bearish in the Short-Term before turning Bullish with medium-Term targets@ 1.0012/1.0036/1.0049 and final target @ 1.0095.
