The Euro has been soaring in this upwards trend over the past week, during each of the US trading sessions. Should the trend remains bullish and it breaks the resistance at 1.18150 the price could push up to 1.1900. However, if the downward trend returns then be on the look out for the support level at 1.1760, should this be broken we can see this pair pushing to...
With the new stimulus packages that where announced for the US we could definitely see a rise in the Dollar.
So should USDCAD come down for a retest, the risk to reward on this trade would be excellent.
