EUR/USD, USD/CAD Forecast Oct 22, 2020
Jason Sen | Oct 22, 2020 04:23AM ET
EUR/USD has reached 1.1860/65 but not yet as far as 1.1900/10. A break above 1.1920 targets 1.1960/70 for profit taking on any remaining longs.
First support at 1.1835/25. However further losses meet a buying opportunity at 1.1800/90, with stops below 1.1870.
USD/CAD shot higher to strong resistance at 1.3160/80 leaving a bullish hammer. If we continue higher look for strong resistance at 1.3205/15. Further gains meet a selling opportunity at 1.3245/55, with stops above 1.3270.
Trends
- Weekly Outlook Neutral
- Daily Outlook Neutral
- Short Term Outlook Neutral
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