EUR/USD And USD/CAD Forecast: Nov. 23, 2020

EUR/USD first support at 1.1850/40 held perfectly in the sideways trend on Friday – look for a buying opportunity at 1.1800/1.1790 with stops below 1.1775.

Very minor resistance at last week’s high of 1.1890/93. Stronger trend line resistance at 1.1920/30. Shorts need stops above 1.1950. A break higher targets 1.1965 and 1.1995/99.

USD/CAD minor resistance at 1.3080/90 and again at 1.3115/25. Be ready to buy a break above 1.3140 targeting 1.3170/75, perhaps as far as 1.3205/15.

Minor support at 1.3040/30. On further losses look for 1.2990/80 before a retest of last week’s low at 1.2935/25.

Trends

  • Weekly Outlook Neutral
  • Daily Outlook Neutral
  • Short Term Outlook Neutral

EUR Daily Chart

This entry was posted in Forex and tagged . Bookmark the permalink.
0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments