EUR/USD And USD/CAD Daily Forecast – 08 October 2018

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EUR/USD And USD/CAD Daily Forecast - 08 October 2018

EURUSD & USDCAD

EURUSD first resistance at 1.1540/45 but above 1.1550 targets 1.1590/95. On further gains look for a selling opportunity at 1.1630/40, with stops above 1.1660.

We should find support at 1.1500/1.1490 but a break below the low at 1.1465/60 targets 1.1420/10, perhaps as far as 1.1370/60.

USDCAD holding first support at 1.2880/90 again today retest the 100 & 200 wma resistance at 1.2950/60 & the main challenge for bulls today. Shorts need stops above 1.2980. A break higher targets 1.3010/20, perhaps as far as 1.3050/55.

First support at 1.2880/90 but below here targets 1.2850/40 before a retest of the low at 1.2790/80.

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