* EUR/USD: $1.1300(E797mln), $1.1350(E1.4bln), $1.1375(E572mln), $1.1425(E1.9bln), $1.1500(E775mln...
Find more articles and bullets on these widgets:
USDCAD has recovered from its recent lows. Despite the recovery, the trend condition remains bearish and short-term gains are considered corrective. A fresh cycle low on Tuesday reinforces the bearish theme. Potential is seen for a move towards 1.3744, a Fibonacci retracement. Note that moving average studies are in a bear mode position, highlighting a dominant downtrend. Key resistance is seen at 1.4041, the 50-day EMA.