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EUR/USD And USD/CAD: Sep 8, 2020

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EUR/USD holding first resistance at 1.1860/70 re-targets 1.1810/00 (hit overnight), perhaps as far as 1.1775/70 and even minor support at 1.1755/45 for profit taking on any remaining shorts. Look for a buying opportunity at 1.1690/80. Stop below 1.1660.

First resistance at 1.1860/70. Shorts need stops above 1.1885. A break higher targets 1.1900/10 then 1.1950/60.

USD/CAD bounce meets minor resistance at 1.1300/10 (which held yesterday) then our selling opportunity at 1.3140/50 with stops above 1.3175. Next target and selling opportunity at 1.3235/45, with stops above 1.3265.

Shorts at 1.3140/50 target 1.1310/00, perhaps as far as 1.3045/40 for at least some profit taking on shorts. On further losses look for 1.3020/15 before a retest of 1.3000/1.2990. If we continue lower look for 1.2970/60.4

Trends

  • Weekly Outlook Neutral
  • Daily Outlook Neutral
  • Short Term Outlook Neutral

Chart

EUR Chart

EUR Chart

EUR/USD And USD/CAD: Sep 8, 2020

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