EURUSD is still under pressure
Overall, we remain with the plan I described last week. I recommend that you look for the last analysis of this currency pair and check the ranges I have given. The downtrend has not been negated, so we should only consider the short position. However, if someone is looking for a place to enter a long position, I recommend doing it only after meeting the condition shown in the picture, where the number one is a signal, and the number two is entering the position.
USDCAD may have a weaker week
When I look at the upcoming US macroeconomic data readings, it is clear that the forecasts are not hawkish. Each forecast shows a slight deterioration in the US situation, which could reverse trends in many currency pairs. In the case of the "Canadian", an optimistic point for us indicating a possible further increase will be the breakout of the resistance which I have marked in the picture. Then, waiting for the correction will be an opportunity to enter into a long position. The US seems to be recovering from the dollar's strong depreciation so I am optimistic in the long term.
