Forecasting

EUR/USD is back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.

EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.

USD/CAD rebounded from 1.3170 and rallied toward 1.3260, next week it will likely continue rising toward 1.3300.

I am preparing for a further rally once the market opened today, let's see whether USD/CAD will reach 1.3300.

It's stubbornly consolidating around 1.1070 and since the winter holidays are coming closer and closer I assume we won't see big changes before they end.

USD/CAD testing 1.3235 and it is bearish for now, so we may see it drop back down to 1.3200.

EUR/USD market volatility is winding down more and more ahead of the holidays, I think we won't see a new big movement in either direction in the next few days.

EUR/USD consolidating around 1.1130, I think we may see it reach 1.1150 and above by the end of the week.