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


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).

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

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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read more here