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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