EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
USD/CAD keeps falling
SELL 1.3220; TP 1.3165; TP2 1.3070; SL 1.3145
USD/CAD has turned sharply down at the start of January and has been declining since then. It looks like the fall may stretch. The pair fell below the support line and 50-day MA. The Awesome Oscillator has entered negative territory. It’s now at the top of the daily Ichimoku Cloud and September 6 high (1.3225). A decline below this level will open the way down to 1.3165 and 1.3067.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.