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FxWirePro: USD/CAD eases slightly but trend is still bullish 
- EUR/USD declined almost 0.4% today after US Senate passes tax bill. The pair made an intraday high of 1.18786. It is currently trading around 1.18551.
- US Senate passed tax reform on Saturday morning by 51-49 vote that differs from that passed by house. The corporate tax has been reduced from 35% to 20% from 2019% and smaller individual’s tax cut will end at 2026.
- Technically the pair is facing resistance at 1.19615 (Nov 27th high) and any break above will take the pair to next level till 1.2000/1.2090.
- On the lower side, near term support is around 1.19000 and any break below will drag the pair to next level till 1.18700 (50- H MA)/1.1835 (233- H MA)/. It should break below 1.1800 for minor weakness.
It is good to buy on dips around 1.1865-70 with SL around 1.1940 for the TP of 1.1705.
