USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
EUR/USD is at the key support
2019-11-11 • Updated
BUY 1.1335; TP1 1.1360; TP2 1.14; SL 1.1320
SELL 1.1300; TP1 1.1270; TP2 1.1230; SL 1.1315
EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time. There’s an opportunity that the line will provide support for the third time and the euro once again tests the resistance line.
At the same time, daily candlesticks are big and bearish and have longer upper wicks. The selling pressure may intensify and finally pull the pair below the support. The previous lows will be targets in this case.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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