After a week of hard-fought gains and higher lows in the EUR/CAD, the Euro has weakened slightly against the Canadian Dollar and corrected lower intraday. After exhausting at the resistance of the Autochartist Forecast area between 1.3575 and 1.3603 (F)—which projected the upside target following the Rising Wedge continuation—prices are

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Daily Forex Update: EUR/CAD

The pair remains biased to the upside as it continue to put pressure on its psycho level at 1.3000 and the 1.3027/45 levels, its July 20/27′10 highs.

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EURUSD – Outlook Higher With More Upside Risk

US new home sales surprised to the upside in June, following huge downward revisions in May and April sales. However, sales remained the second lowest on record (since 1963). While there were some positive areas showed in yesterday’s report, housing data released in recent weeks have indicated weak underlying demand

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US Housing Market Continues To Struggle