Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/USD remains in a range
Trade ideas
BUY 1.1455; TP 1.15; SL 1.1440
SELL 1.1415; TP 1.1385; SL 1.1425
EUR/USD is continuing its sideways dynamics: the pair remains in the range between 1.13 and 1.15, in which it has been trading for the last 3 months. Last week it closed in a positive fashion giving the pair some momentum to test the upper border of this range and the resistance line which is connecting September and January highs. At the same time, the pair ran into the 100-day MA yesterday (1.1445), so naturally, it should break higher to be able to reach 1.15. Otherwise, the pair will return to the 50-day MA (1.1385).
Elizabeth Belugina
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