EUR/USD Best Buying Opportunity At 1.1420/10

9

EUR/USD Best Buying Opportunity At 1.1420/10

EURUSD – USDCAD

EUR/USD best buying opportunity is at 1.1420/10 with stops below 1.1390. A break lower is a sell signal targeting 1.1355/50, perhaps as far as strong support at 1.1320/10.

Holding above 1.1420/10 targets 1.1455 and 1.1500/10 before minor resistance at 1.1530. Expect strong resistance at 1.1555/65. Try shorts with stops above 1.1585.

USD/CAD best support for the week is at 1.3045/35 but be aware there is also important longer-term support at 1.2960/50. A good chance one of these levels marks a low for the week.

Obvious resistance in the 1.3120/50 area. A break above 1.3165 targets 1.3185/90 then strong resistance at 1.3205/15. Try shorts with stops above 1.3240.

LEAVE A REPLY

Please enter your comment!
Please enter your name here