EUR/USD topped exactly at strong resistance at 1.2100/10. A break above 1.2120 should be very positive for this week initially targeting 1.2160/70.
USD/CAD broke support at last week’s low at 1.2465/55 to target the March low at 1.2380/60. The pair bottomed exactly here.
GBP/CAD broke the next target of 1.7275/55
Today’s Analysis
EUR/USD meets strong resistance at 1.2100/10 and topped exactly here. A break above 1.2120 should be very positive for this week initially targeting 1.2160/70.
Strong support at 1.2055/45. Further losses meet very strong support at 1.2025/15.
Longs need stops below 1.2005.
USD/CAD first resistance at 1.2450/70 could see a high for the day. Shorts need stops above 1.2480.
Support at the March low at 1.2380/60. A break lower in the bear trend at 1.2300/1.2290.
GBP/CAD broke the next target of 1.7275/55 & can retest the recent low at 1.7175/55.
A break lower targets very strong support at 1.7090/70.
Minor resistance at 1.7260/70. Strong resistance at 1.7330/50.
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