EUR/GBP Technical Analysis ? Channel Resistance at Risk …

Talking Points:

EUR/GBP Technical Strategy: Flat

Support: 0.8056-60 (100% Fib exp., channel floor)

Resistance:0.8104 (76.4% Fib exp.), 0.8121 (channel top), 0.8133 (61.8% Fib exp.)

The Euro has found support at the bottom of a falling channel support set from late April and is attempting to mound a recovery against the British Pound. The first layer of resistance is at 0.8104, the 76.4% Fibonacci expansion. […]

USD/CAD Technical Analysis ? Doji Candle Hints at Rebound …

Talking Points:

USD/CAD Technical Strategy: Long at 1.0907
Support: 1.0849 (May 19 low), 1.0832 (trend line), 1.0813 (May 8 low)

Resistance: 1.0973 (14.6% Fib exp.), 1.1072 (23.6% Fib exp.)

The US Dollar broke out upward as expected against its Canadian counterpart after prices completed a bullish Piercing Line candlestick pattern. A Doji candle at trend line resistance-turned-support (now at 1.0832) hints the up move […]