EUR/USD And USD/CAD Struggle

most important level of the week is at 1.1810/30. Holding below here keeps the outlook negative and yesterday we topped at 1.1793. struggles at strong resistance at 1.2600/10 and holds last week’s high at 1.2628.

Today’s Analysis

EUR/USD still holding 3 month trend line support at 1.1770/60 so this is obviously key to direction on the downside for this week. A break below 1.1750 keeps the pressure on for 1.1700/1.1690.

The most important resistance of the week is at 1.1810/30. Bulls need a sustained break above 1.1840 to target 1.1890/1.1900.

USD/CAD tested strong resistance at 1.2600/10. A break above 1.2630 this week can initially target 1.2675/85.

Best support for today at 1.2570/50. A break below here however could add pressure to 1.2500/1.2490.

EUR Chart

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