EUR/USD, USD/CAD And GBP/CAD Daily Forecast

EUR/USD bottomed exactly at strong support at 1.2055/45. We finally beat strong resistance at 1.2100/10 but missed the next target of 1.2160/70 by 11 pips (so far).

USD/CAD broke support at the March low at 1.2380/60 to hit the next target of 1.2300/1.2290.

GBP/CAD retests the recent low at 1.7175/55 as predicted.

Today’s Analysis

EUR/USD beat resistance at 1.2100/10 in the strong April bull trend targeting 1.2160/70, perhaps as far as 1.2195/99 and 1.2235/45 in to next week.

Strong support at 1.2095/85. Longs need stops below 1.2075. Buying opportunity at 1.2055/45, stop below 1.2035.

USD/CAD broke support at the March low at 1.2380/60 to hit the next target of 1.2300/1.2290. Further losses are expected, targeting 1.2260/40 and very strong support at 1.2190/80.

Minor resistance at 1.2320/30, strong resistance at 1.2385/95.

GBP/CAD broke the next target of 1.7275/55 to retest the recent low at 1.7175/55 as predicted. A break lower to targets very strong support at 1.7090/70.

Minor resistance at 1.7230/40 but expect strong resistance at 1.7310/20 if we continue higher today.

EUR Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

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