FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: EUR/NZD steadies ahead of ECB meeting 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/JPY catches bid ahead of BoJ meeting 
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
EUR/CAD chart on Trading View used for analysis
- EUR/CAD has resumed weakness after a brief pause on Monday.
- The pair is trading 0.44% lower on the day at 1.5196 at 0650 GMT.
- Price action has broken below 200-DMA raising scope for further wekaness.
- Momentum indicators are biased lower. RSI below 50, bias lower.
- MACD shows bearish crossover on signal line adding to the bearish bias.
- Dip till 61.8% Fib at 1.5093 likely. Further weakness to see test of trendline support at 1.5025.
- On the upside, 5-DMA is immediate resistance at 1.5292. Break above could see upside till 20-DMA.
Support levels - 1.5170 (110-EMA), 1.5093 (61.8% Fib), 1.5025 (trendline)
Resistance levels - 1.5214 (200-DMA), 1.5291 (5-DMA), 1.53
Recommendation: Good to go short on rallies around 1.52, SL: 1.5290, TP: 1.51/ 1.5025
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
