EUR/CAD is seen extending decline from multi-year highs at 1.6105 hit on Jan 20th, we see scope for further downside.
- Unexpected dovish tone at Draghi's press conference on Thursday has opened the door to a generalized EUR weakness, while rebound in oil prices will support the loonie.
- Momentum studies lean bearish, Stochs and RSI have reversed from oversold territory and MACD shows bearish crossover of MACD line over signal line.
- 5 & 10 DMAs have curved lower, bearish invalidation only above 1.5687 (5-DMA), support on the downside lies at 1.5298 (Jan 11 lows).
Recommendation: Sell any rallies in the pair around 1.5440 levels, SL: 1.5525, TP: 1.53


FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
FxWirePro: GBP/AUD edges lower, remains on bearish path
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: GBP/USD gives up gains as traders await UK GDP
FxWirePro: AUD/USD in holding pattern as market await fresh catalyst
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro- Woodies pivot (Major) 



