EUR/USD: be ready to buy a break above 1.1115
|EURUSD _ USDCAD
EURUSD be ready to buy a break above 1.1115 to target strong resistance at 1.1150/60.
USDCAD lower as expected to within 4 pips of support at 1.3150/40 for profit taking on all shorts.
Daily Analysis
EURUSD has only very minor resistance at 1.1095/1.1105 today. Be ready to buy a break above 1.1115 to target strong resistance at 1.1150/60.
Minor support at 1.1060/50 held but try longs at 1.1040/30 if we continue lower, with stops below 1.1020. A break lower is a sell signal.
USDCAD holding key support at 1.3150/40 but longs here need stops below 1.3120. A break lower is an important sell signal targeting 1.3080/70 & 1.3020/10.
Gains are likely to be limited with minor resistance at 1.3190/1.3200 & 1.3222/30. Try shorts at 1.3255/65 with stops above 1.3285.
Trends
Weekly outlook is neutral
Daily outlook is neutral
Short Term outlook is neutral
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.