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By Jason SenForexNov 10, 2021 05:39AM ET
By Jason Sen   |  Nov 10, 2021 05:39AM ET
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  • EUR/USD levels are well established so we keep trading them until prices breakout of the range. We have shorts at first resistance at 1.1600/10 from yesterday.
  • USD/CAD we have longs at 1.2440/20 targeting strong resistance at 1.2510/30.
  • GBP/CAD beat strong resistance at 1.6860/70 but meets a selling opportunity at 1.6930/50 with stops above 1.6970.

Today's Analysis

EUR/USD strong resistance at 1.1600/10. Shorts need stops above 1.1630. A break higher can target strong resistance at 1.1695/1.1705. Exit longs and try shorts with stops above 1.1720. A break higher is a buy signal targeting 1.1765/70 and 1.1800/10.

Shorts at 1.1600/10 target 1.1570/60 (hit), perhaps as far as first support at the October low at 1.1530/20. A break below 1.1510 is a sell signal initially targeting 1.1490 and although this could hold initially (a low for the day certainly possible, but longs are risky) we eventually expected to target 1.1430/20.

EUR Chart
EUR Chart

USD/CAD longs at 1.2440/20 target strong resistance at 1.2510/30. Shorts need stops above 1.2550. First support at 1.2440/20, but longs need stops below 1.2410. A break below here targets 1.2370/65, perhaps as far as support at 1.2300/1.2280. Longs here need stops below 1.2270. A break lower is a sell signal.

CAD Chart
CAD Chart

GBP/CAD selling opportunity at 1.6930/50 with stops above 1.6970. A break higher however targets 1.7050/70. Shorts at 1.6930/50 target 1.6860, perhaps as far as 1.6810. A low for the day is possible here but further losses are likely to retest last week's low at 1.6735/25.


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Ramavtar naruka
Ramavtar naruka Nov 10, 2021 7:20AM ET
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sir explain on GBP/AUD TO DAY
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