USD/CAD: 55 Moving Average acting as support
There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...
EUR/USD: yesterday's "Window" going to act as support
There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average. So, the market is likely going to test the nearest resistance in the short term. If we see a pullback from this level, the 55 MA could be tested once again.
We've got a bearish "Harami" at the local high, but yesterday's "Window" is likely going to act as support. If so, we could have a new high soon. However, if a pullback from the nearest resistance happens afterwards, there'll be an opportunity to have just another decline.
Galya Svetlova
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