EUR/USD And USD/CAD Daily Forecast – 05 November 2018


EUR/USD And USD/CAD Daily Forecast - 05 November 2018


EURUSD could trade sideways this week to ease oversold conditions. Holding first support at 1.1375/70 targets minor resistance at 1.1415/25 then a selling opportunity at 1.1450/60. Try shorts with stops above 1.1500. A break higher targets minor resistance at 115.30/40.

First support at 1.1375/70 but below here targets 1.1345/40 before important support at 1.1310/00 of course. Try longs with stops below 1.1290. A break lower is a sell signal.

USDCAD minor support at 1.3075/70 but better support at 1.3055/45 is the best chance of a low for the day. Below 1.3035 targets 1.3015/10 before strong support at 1.2965/55.

Minor resistance at 1.3110/20 but above here targets 1.3150/60. Above 3175 look for 1.3200/05.


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