The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: lower side of the triangle broken
The lower side of the triangle has been broken, so the price is declining. The main intraday target is the next support at 1.1526. If a pullback from this level happens next, there'll be a moment to have an upward correction towards the nearest resistance at 1.1574 - 1.1601.
The last 'Pennant' led to a new local low. At the same time, there's a 'V-Bottom', so we're likely going to have an upward correction. So, we should keep an eye on the nearest resistance at 1.1590 as a possible starting point for another decline.
Sergey Logachev
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The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
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