EURUSD: outlook remains positive

Jason Sen DayTradeIdeas.co.uk

EURUSD outlook remains positive if we hold above first support at 1.1010/00 after the buy signal, initially targeting 1.1050/60 (hit) & 1.1075/85, perhaps as far as 1.1100/10. Longs at 1.1010/00 need stops above 1.0980. An unexpected break below here kills the buy signal targeting 1.0950/40 & 1.0905/00 before the swing low at 1.0883/77.

USDCAD first resistance at 1.3200/10, 2nd resistance at 1.3230/40 then a selling opportunity at 1.3270/80, with stops above 1.3300. A break below last week's low at 1.3166 risks a retest of the September low at 1.3133/29 & below here targets 1.3105/00.

Author

Jason Sen

DayTradeIdeas.co.uk

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