EUR/USD has set up a head and shoulder pattern on the daily charts. We will be looking to buy a break and retest of the neckline with projected targets of 1.21. Watching price action for now.
Good luck trading.
USD/CAD has broken above its multi month wedge consolidation pattern. The price has retraced back and retesting the broken resistance. The longer term wedge top also coincides with the parallel channel that has guided the pair higher from the 1.0 lows. I am long from 1.0295 with stops below 1....
USD/CAD is approaching strong support at parity. The 1.00 price is horizontal, psychological and trend line support. The RSI is also approaching the 30 level. I will be looking to buy reversal signs in this region for a move back to 1.0120 region.