EUR/USD And USD/CAD Daily Forecast - 12 July 2018

By Jason SenForexJul 12, 2018 03:55AM ET

www.investing.com/analysis/eurusd--usdcad-daily-forecast--12-july-2018-200330507

By Jason Sen | Jul 12, 2018 03:55AM ET

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EUR/USD & USD/CAD Performance Chart

EUR/USD topped exactly at resistance at 1.1750/60 as predicted (nice chance to short the high of the day) as we target minor support at 1.1660/55. Further losses are likely for 1.1630/25 then 1.1585/80. A retest of 1.1510/00 would not be a surprise. Gains are likely to be limited with resistance at 1.1725/30. Shorts need stops above 1.1765.

USD/CAD longs at 1.3060/50 the perfect buying opportunity as we rocket through 1.3185/95 and and topped exactly at the next target 1.3220/30 as I write. Outlook remains positive as we look for 1.3260/70 and possibly 1.3300 before the weekend. Downside expected to be limited with support at 1.3180 and 1.3160. Unlikely we see 1.31355/25 but use it as a buying opportunity with stops below 1.3090.

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Central Banks

Interest Rates

Next Meeting

FED

2.00%

Aug 01, 2018

ECB

0.00%

Jul 26, 2018

BOE

0.50%

Aug 02, 2018

SNB

-0.75%

Sep 20, 2018

RBA

1.50%

Aug 07, 2018

BOC

1.50%

Sep 05, 2018

RBNZ

1.75%

Aug 09, 2018

BOJ

-0.10%

Jul 31, 2018

CBR

7.25%

Jul 27, 2018

RBI

6.25%

Aug 01, 2018

PBOC

4.35%

BCB

6.50%

Aug 01, 2018

S&P 500 Futures	2,797.75	-7.50	-0.27%
Nasdaq Futures	7,369.50	+1.75	+0.02%
Dow 30	25,064.50	-134.79	-0.53%
Nasdaq	7,825.30	-29.15	-0.37%
SmallCap 2000	1,701.31	+9.44	+0.56%
S&P 500 VIX	13.40	+0.53	+4.12%
DAX	12,607.56	-78.73	-0.62%
US Dollar Index	94.89	-0.09	-0.09%

Gold	1,223.80	-0.20	-0.02%
Silver	15.380	-0.022	-0.14%
Copper	2.724	+0.029	+1.06%
Crude Oil WTI	68.23	-0.01	-0.01%
Brent Oil	72.78	+0.20	+0.28%
Natural Gas	2.768	-0.001	-0.04%
US Soybeans	848.00	+1.60	+0.19%
US Wheat	507.00	+2.80	+0.56%

EUR/USD	1.1648	+0.0005	+0.04%
USD/JPY	112.38	-0.08	-0.07%
USD/CAD	1.3249	-0.0023	-0.17%
GBP/USD	1.3035	+0.0021	+0.16%
USD/MXN	19.0702	+0.0172	+0.09%
AUD/USD	0.7358	+0.0002	+0.03%
USD/TRY	4.8075	-0.0014	-0.03%
USD/INR	68.955	+0.010	+0.01%

BTC/USD	7,462.0	+71.2	+0.96%
ETH/USD	461.81	-16.54	-3.46%
BCH/USD	792.48	-34.52	-4.17%
IOT/USD	1.01040	-0.07220	-6.67%
LTC/USD	84.100	-2.820	-3.24%
XRP/USD	0.46000	-0.02983	-6.09%
BTC/EUR	6,404.1	+38.1	+0.60%
DASH/USD	275.00	+8.40	+3.15%

EUR/USD And USD/CAD Daily Forecast - 12 July 2018

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