EUR/USD: Further losses below 1.1890/80 look possible this morning to meet a good buying opportunity at 1.1860/50, with stops below 1.1830.
Holding support at 1.1890/80 allows a recovery to 1.1950/60. Obviously we then must beat yesterday’s high at 1.2000/10 for the next buy signal targeting 1.2040/50 before a selling opportunity at 1.2100/20, with stops above 1.2145.
USD/CAD bounced straight to our selling opportunity at 1.3085/95, with stops above 1.3115. If we continue higher the next target & selling opportunity is at 1.3140/60, with stops above 1.3180.
Shorts at 1.3085/95 target 1.3045/40 perhaps as far as 1.3020/15. Further losses retest 1.3000/1.2990. If we continue lower look for 1.2970/60.
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral