EUR/USD: Best support at 1.1275
|EUR/USD – USD/CAD
EURUSD topped exactly at first resistance at 1.1335/45 in the morning session then retested last week's high at 1.1370 in the afternoon. We are testing the 1.1345/35 level on the downside as I write over night.
USDCAD remains in the predicted sideways trend as we bounced from 1.3530 to 1.3580/70 but holding resistance at 1.3630/40 over night.
| Scalping levels. | Target. | |
| AUDUSD | buying opportunity at 6910/00. Stop below 6885 | 6930, 6970 |
| NZDUSD | buying opportunity at 6500/6490, with stops below 6480 | |
| NZDUSD | selling opportunity at 6660/70. | |
| EURUSD | Unable to sustain a move in 1 direction for more than a day | |
| EURUSD | Best support at 1.1275/65. Longs need stops below 1.1245 | 1.1310,1.1335 |
| EURUSD | A break lower is a sell signal | |
| USDJPY | selling opportunity at 107.50/60, with stops above 107.75 | 107.00, 106.70. |
| Gold | buying opportunity again at 1796/94, stops below 1791 | |
| Gold | buying opportunity at 1784/82. Try longs with stops below 1778. |
Daily Analysis
EURUSD minor support at 1.1340/30 but below here targets 1.1305/00. Best support at 1.1275/65. Longs need stops below 1.1245. A break lower is a sell signal (with 1.1265/75 acting as resistance) targeting 1.1215/05, perhaps as far as strong support at 1.1180/70.
Minor support at 1.1340/30 & minor resistance at 1.1370/75 before a retest of the June high at 1.1410/20.
USDCAD meets resistance at 1.3630/40. Stop above 1.3650. A break higher targets 1.3660/65 before a retest of the late June high at 1.3705/15.
First support at 1.3580/70 but below here targets 1.3540/30 with support at 1.3500/1.3490. Longs need stops below 1.3470. A break lower is a sell signal targeting 1.3465/60, 1.3440/30 & perhaps as far as 1.3400/90.
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.