The EURUSD continues to hold the 1.5800 level with 1.5720 remaining the near term support that has been stretching for more than two days. Typically the longer price consolidates, the more meaningful the move. Therefore a break of 1.5850 to the upside or 1.5820 to the downside could have meaningful continuation.
Visit our recently updated Euro Currency Room for specific resources geared towards this currency.
STRATEGY: None
The EURUSD continues to hold the 1.5800 level with 1.5720 remaining the near term support that has been stretching for more than two days. Typically the longer price consolidates, the more meaningful the move. Therefore a break of 1.5850 to the upside or 1.5820 to the downside could have meaningful continuation.
Visit our recently updated Euro Currency Room for specific resources geared towards this currency.
STRATEGY: None
On Friday we noted that the pair needs to clear the overhang at 100.40 before we can feel truly confident in our 102.00 target and so far the level remains a key challenge to dollar longs. They pair continues to consolidate holding key support at 98.50 but the price action suggests further range bound conditions for the time being.
Visit our recently updated Yen Currency Room for specific resources geared towards this currency.
STRATEGY: Bullish against 97.66, target 102
Having broken through the upper resistance at 1.0230 USDCAD now looks to target 1.0308 as the natural next level. However, the pair is notoriously spiky and fall back into the recent range could open up the possibility of a race down to 1,0100
Visit our recently updated Canadian Dollar Currency Room for specific resources geared towards this currency.
