EUR/USD remains in a frustrating sideways trend with key 100 day moving average support at 1.1655/50 and first resistance at 1.1690/1.1700. Shorts need stops above 1.1715. A break higher targets 1.1740/50. Try shorts with stops above 1.1765.
Longs at 1.1655/50 stop below 1.1640. A break lower is a sell signal targeting 1.1610/1.1590. A break below 1.1580 targets 1.1540/30 then a buying opportunity at 1.1490/80, with stops below 1.1460.
USD/CAD topped exactly at our selling opportunity at 1.3380/1.3400 last week.
Holding above 1.3320/10 allows a retest of the selling opportunity at 1.3380/1.3400 with stops above 1.3420. A break higher this week is a buy signal initially targeting 1.3450/60 then 1.3520/40.
A buying opportunity at 1.3275/65 with stops below 1.3245.
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral