EURUSD crashed 100 pips from a high of 1.1905 & bottomed exactly at our buyingopportunity at 1.1800/1.1790. We recovered all the losses on Tuesday as we clearlyremain in a sideways trend. Now retesting minor resistance at 2 month highs at1.1915/20.

USDCAD difficult to trade yesterday after we initially broke 1 month lows at1.3040/30 but then reversed & shot higher to minor resistance at 1.3080/90. Wehave now collapsed to the 1.2990/80 target but it is impossible to have a clue wherewe go today in the sideways trend. We have been up 1 day & down the next for atleast 2 weeks

Daily Analysis

EURUSD meets minor resistance at 2 month highs at 1.1915/20. A break above1.1940 is a buy signal targeting 1.1960/70 then resistance at this year’s high of1.2000/10.

Holding resistance at 2 month highs at 1.1915/20 targets 1.1895/90, perhaps as faras support at 1.1870/60. Below 1.1845 meets support at 1.1800/1.1790.

USDCAD first resistance at 1.3030/40 but above here targets minor resistance at1.3080/90. Minor resistance again at 1.3115/25.

Holding 1.3030/40 re-targets 1.2990/80 before a retest of last week’s low at1.2935/25




The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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