Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 11:38 (GMT) 23 Jul
23 Jul EUR/CAD Daily
11:35 GMT - EUR short-covering has re-surfaced after a quick dip below1.2300. The rebound must extend and finish the NY day above 1.2358, however, to signal lasting recovery that will pierce 1.2440 by Tue-Wed. Failure to clear 1.2358 keeps scope forfurther selling that reaches the 1.2200 area. MV
R5: 1.2583 06 Jul high
R4: 1.2505 * intraday level
R3: 1.2440 * intraday level
R2: 1.2358 * 16 Jul low
R1: 1.2325 19 Jul low
S1: 1.2301 * projection
S2: 1.2283 current low
S3: 1.2200 figure
S4: 1.2100 figure
S5: 1.1980 projection







