EUR/CAD upside run seems to have stalled at 1.5914 highs on Thursday, 11th Feb, pair slips below 1.55 handle.
- Price action on the day has been rejected at highs by 1.5590 and the pair has edged lower, broken below 10-DMA at 1.5537.
- The following technical factors support our view for downside correction in the pair:
- Formation of an inverted hammer at highs
- Bearish stochastics crossover from overbought territory
- RSI turns lower from 62 levels, points south
- Immediate support is seen at 1.5429 (Feb 8th lows), while resistance is located at 1.5644 (5-DMA).
Recommendation: Good to sell rallies around 1.55, SL: 1.5650 TP:1.5240/1.52


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/CAD recovers slightly but trend is still bearish
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 



