EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
USD/CAD: loonie wants to be set free
On the USD/CAD daily chart, after the implementation of the intermediate target in the "Crab" inverted pattern, there was a trend reversal. A downward trading channel was formed. If the "bear" manage to push prices below the important level of 1.3306 (38.2% of the last descending long-term wave), there is a risk of further dip towards 1.31.
On the USD/CAD hourly chart, the quotes approached the lower border of the upward trading channel. If it is broken and the support at 1.329 is tested it will allow the "bears" to count on the implementation of the 200% target in the A = CD pattern (1,317).
Anastasia Mileshkina
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