EUR / USD
The EUR declined 0.32% against the USD on Friday and closed at 1.1157.
The Euro was under pressure early in the prior week as sentiment surged towards the USD following some comments from the Fed’s Janet Yellen which suggested that the requirements for a rate hike had almost been met. Subsequently, it is salient to take a quick look at what occurred last week and what is potentially on the horizon for the pair.
The pair is expected to find support at 1.1172 and fall through could take it to the next support level 1.1169
The pair is expected to find its first resistance at 1.1180 and arise through could take it to the next resistance level of 1.1185
USD/ CAD
The USD declined 0.86% against the CAD on Friday to close at 1.2985.
The Canadian Dollar gained ground after Canada’s international merchandise trade deficit narrowed to C$2.5 billion in July, as exports edged up during the month. The nation had recorded a revised international merchandise trade deficit of C$4.0 billion in the previous month.
The pair is expected to find support at 1.2913, and a fall through could take it to the next support level of 1.2858.
The pair is expected to find its first resistance at 1.3069, and a rise through could take it to the next resistance level of 1.3170.
The EUR declined 0.32% against the USD on Friday and closed at 1.1157.
The Euro was under pressure early in the prior week as sentiment surged towards the USD following some comments from the Fed’s Janet Yellen which suggested that the requirements for a rate hike had almost been met. Subsequently, it is salient to take a quick look at what occurred last week and what is potentially on the horizon for the pair.
The pair is expected to find support at 1.1172 and fall through could take it to the next support level 1.1169
The pair is expected to find its first resistance at 1.1180 and arise through could take it to the next resistance level of 1.1185
USD/ CAD
The USD declined 0.86% against the CAD on Friday to close at 1.2985.
The Canadian Dollar gained ground after Canada’s international merchandise trade deficit narrowed to C$2.5 billion in July, as exports edged up during the month. The nation had recorded a revised international merchandise trade deficit of C$4.0 billion in the previous month.
The pair is expected to find support at 1.2913, and a fall through could take it to the next support level of 1.2858.
The pair is expected to find its first resistance at 1.3069, and a rise through could take it to the next resistance level of 1.3170.
Daily Market News By XtreamForex
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