EUR/USD And USD/CAD Spot Daily Forecast – July 15, 2019
EURUSD USDCAD Spot Daily Chart
EUR/USD minor resistance at 1.1290/1.1300 with strong resistance at 1.1320/30. Shorts need stops above 1.1345. A break higher targets minor resistance at 1.1380/90 before the June high at 1.1410/12.
Failure to beat 1.1290/1.1300 targets first support at 1.1250/40. We bottomed exactly here over the past 2 days in fact but below 1.1230 targets 1.1190/80. A break below 1.1170 targets 1.1140/30.
USD/CAD holding below 1.3045/40 targets 1.3010/00 then strong support at the 500-day moving average at 1.2990/80. Longs need stops below 1.2960. A break lower is a sell signal targeting 1.2910 and 1.2880.
Minor resistance at 1.3045/55 then stronger resistance at 1.3075/85. A break above 1.3100, however, targets 1.3135 then a selling opportunity at 1.3150/55 with stops above 1.3170. A break higher targets 1.3185/90 and 1.3235/40.
EUR/USD Minor Resistance At 1.1290/1.1300
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.