EUR/USD: Shorts at 1.1060/80 target 1.1020

Jason Sen DayTradeIdeas.co.uk

EUR/USD _ USD/CAD

EURUSD we wrote: has a buy signal on the break above 1.0880/90 targeting 1.0950 & a selling opportunity at 1.0960/80 with stops above 1.1000. A break higher targets a better selling opportunity at 1.1060/80.

Longs from 1.0880/90 saw good profits but shorts at 1.0960/80 stopped above 1.1000. We then topped exactly at 1.1060/80.

USDCAD we wrote: holding below first resistance at 1.4310/30 targets 1.4250/40 & yesterday's low at 1.4175/55. Support at 1.4130/10 but below 1.4100 is a sell signal.

Lower as expected but we broke support at 1.4130/10 for a sell signal & hit 1.4000/10.

Reports will be updated around lunchtime GMT if necessary.

Daily Analysis

EURUSD shorts at 1.1060/80 target 1.1020 & minor support at 1.1000/1.0990 before best support for today at 1.0970/50. Stop below 1.0930 for 1.0900/1.0890.

Shorts at 1.1060/80 stop above 1.1100. A break higher is a buy signal targeting 1.1150/60.

USDCAD best support at 1.4010/00 today. A bounce from here targets 1.4060/70 & 1.4090/1.4100., perhaps as far as 1.4135/55. Above 1.4175 look for 1.4215/25.

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Trends

Weekly outlook is neutral

Daily outlook is neutral

Short Term outlook is neutral

Author

Jason Sen

DayTradeIdeas.co.uk

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