USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD is at the key support
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.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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