EUR/USD we wrote: First resistance at 1.0936/40 likely to hold a rally.
We did not make it quite that far before collapsing through important support at the 2019 low of 1.0885/77, with longs stopped for a sell signal.
USD/CAD broke minor support at 1.3275/65 to bottomed exactly at better support at 1.3240/30 over night.
EUR/USD breaks important support at the 2019 low of 1.0885/77 for a sell signal targeting 1.0840/30 then 2 year trend line support at 1.0810/00 for profit taking on shorts.
Obvious first resistance at 1.0880/90 & shorts need stops above 1.0905. A break higher targets 1.0925/35.
USD/CAD bottomed exactly at our buying opportunity at 1.3240/30 with a 30 pip bounce as I write. Further gains are likely, targeting 1.3275/85. Above 1.3295 look for 1.3310/20 before the high at 1.3329, coupled with strong resistance at 1.3345/50. Shorts need stops above 1.3365.
Best support at 1.3240/30 & we held as predicted. Longs need stops below 1.3220 for a buying opportunity at 1.33185/75.
Trends
Weekly outlook is neutral
Daily outlook is positive
Short Term outlook is positive