EUR/USD broke 1.0950/40 to hit the next target of 1.0905/00 & bounce just 4 pips above important support at the 2019 low of 1.0885/77.
USD/CAD reached the next target of 1.3325 & bottomed exactly at first support at 1.3275/65.
EURUSD bounce from important support at the 2019 low of 1.0885/77 will allow oversold conditions to ease. First resistance at 1.0936/40 likely to hold a rally. However above 1.0945 targets 1.0955 & resistance at 1.0970/80.
Important support at the 2019 low of 1.0885/77 in oversold conditions. Longs need stops below 1.0860. A break lower targets 1.0820/10.
USDCAD reached the next target of 1.3325 & above 1.3330 today tests strong resistance at 1.3345/50. Shorts need stops above 1.3365.
Holding minor support at 1.3275/65 perfectly yesterday but below here meets better support at 1.3240/30. A good chance of a low for the day. If we continue lower try longs at 1.33185/75.
Trends
- Weekly outlook is neutral
- Daily outlook is positive
- Short-Term outlook is positive