Forecasting

USD/CAD continues moving south despite the holiday season, it may break out below 1.3050 after all.

EUR/USD finally broke out above 1.1200 and continues rallying, it may reach 1.1250 before the end of this year.

EUR/USD decided to rally during the last day of 2019 and the first day of 2020 and reached 1.1240, it will likely break out above 1.1250 too.

EUR/USD pulled back from 1.1240 which was to be expected after such a rally, but after a correction the move north will likely continue.

USD/CAD found some support at 1.2965 and we may see a correction but the pair remains bearish for now.

USD/CAD continued testing 1.2960 until the market closed yesterday, next week we may eventually see a breakout.

EUR/USD is at 1.1160 and it is unclear how it will develop for now, it's possible it will depreciate back below 1.1150.

USD/CAD remains very bearish and it is still testing the support at 1.2960, if it breaks out below that level the pair will likely continue depreciating toward 1.2900.

USD/CAD is struggling to break out below 1.2960 but it is still possible to happen by the end of the week, in my opinion.

The support at 1.2960 held after all. USD/CAD is currently forming a correction after the big depreciation and may rise to 1.3050.