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

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