- EUR/CAD edges higher after forming a Doji at lows on Thursday's trade.
- The pair is trading 0.23% higher on the day, but upside seems to lack traction.
- The pair finds stiff resistance at 200-DMA at 1.52 and we see bearish invalidation only on breakout above.
- The major has breached major supports at 200-DMA, major trendline at 1.5250 and 55W SMA at 1.5152.
- Technical studies support further weakness. RSI on weekly charts below 50 and biased sharply lower.
- Momentum studies bearish, stochs heavily in oversold territory. MACD shows bearish crossover on signal line.
- We see scope for weakness till 50% Fib at 1.4968. Breach there could see further downside.
Support levels - 1.4896 (110W EMA), 1.4736 (Nov 2017 low), 1.4442 (Sept 2017 low)
Resistance levels - 1.5152 (55W EMA), 1.52 (converged 5 and 200-DMA), 1.5345 (21-EMA), 1.5375 (20-DMA)
Recommendation: Good to go short on rallies around 1.5150, SL: 1.5375, TP: 1.50/ 1.49/ 1.4740
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



