EUR/CAD: more downside ahead

EUR/CAD: more downside ahead

Trade idea

SELL 1.4700; TP 1.4600; SL 1.4730

EUR/CAD made a big breakout to the downside. On W1, you will see that it broke the support line from 2015. This line has become resistance around 1.4750. On D1, you may see that the attempt to return above this area failed. The pair continued to fall on Friday and closed near the day’s minimum. The target on the downside lies at 1.4588 (50% Fibo of the 2015-2018 advance). 

EURCAD w.png

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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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