EURUSD & USDCAD outlook
EURUSD shot higher to 1.1420 then reversed to 1.1316. More volatile but no clear trend at this stage.

USDCAD unexpectedly back above 1.3230/20.

#EURUSD minor resistance at 1.1350/60 but above here targets 1.1400 then key resistance at 1.1430/40. A break above 1.1460 is a medium term buy signal this week.
Failure to beat 1.1350/60 targets 1.1320 before minor short term trend line support at 1.1290/80. A break below 1.1260 risks a retest of the November low at 1.1220/10.

#USDCAD has unexpectedly moved back above 1.3230/20 & holding above 1.3240 targets 1.3280/90 (now hit), perhaps as far as 1.3325/35, before the November high at 1.3355/59.
First support at 1.3230/20 but below 1.3210 re-targets 1.3160/55 then support at 1.3080/70.

daytradeideas.co.uk