EUR/USD expected to continue sideways to ease oversold conditions in to next week. Holding above 1.1910/15 targets quite strong resistance at 1.1960/70. We should pause here, perhaps turn lower to 1.1915/10. On further gains however look for a selling opportunity at 1.2035/45, with stops above 1.2070.
Failure to hold above 1.1900 risks a slide 1.1875 before the 1.1830/20 low. A break lower targets 1.1815/10, 1.1775/70 and perhaps as far as 1.1718/08.
USD/CAD broke 1.2815/05 for the next target of 1.2760/50. On further losses look for 1.2710/00, perhaps as far as 1.2685/80. Minor resistance at 1.2800/10 then 1.2840/50 more of a challenge.
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