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 looks ready for more downside
2020-09-09 • Updated
EUR/USD is supported around 1.1750. However, the pair has already fallen below the summer support line. We’ll view buy trades only when the pair returns above 1.1800. Until that happens, it’s necessary to be ready for further declines – a very likely scenario given the approaching ECB meeting on Thursday. The Awesome Oscillator has entered the negative zone. The fall below 1.1750 will trigger a slide to the 1.1700/1680 area.
Trade idea for EUR/USD
SELL 1.1745; TP 1.1700; SL 1.1760
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