EUR/USD – USD/CAD
EURUSD beat 11 year trend line resistance 1.1915/25 & closed at the high of the week for a buy signal.
USDCAD up 1 day & down the next for at least 2 weeks. No clear direction or pattern to trade. We are holding first resistance at 1.3030/40.
Daily Analysis
EURUSD we have a buy signal targeting less important resistance at this year’s high of 1.2000/10. A break above here is a very important longer term buy signal & should signal the start of a significant bulls trend in to 2021.
Bulls must hold the pair above first support at 1.1920/10. Longs need stops below 1.1890.
USDCAD first resistance at 1.3030/40 but above here targets minor resistance at 1.3080/90. Minor resistance again at 1.3115/25.
Holding 1.3030/40 re-targets 1.2990/80 then last week’s low at 1.2978/68 before the November low at 1.2935/25.
Chart
