Thu, Jan 20, 2022 @ 07:16 GMT
HomeLive CommentsDollar selling picks up pace. GBP leads, EUR follows, CAD could be...

Dollar selling picks up pace. GBP leads, EUR follows, CAD could be next

Dollar selling is picking up pace in early European session.

GBP/USD leads the way higher ahead of UK job data. Hitting as high as 1.4374 so far. It’s on track for 1.4519 projection level.

EUR/USD finally makes up its mind and breaks 1.2396. Trend line resistance at 1.2429 is the first hurdle. But we’d expect an easy break there to 1.2475.

And, USD/CAD could be the next one coming. A break of 1.2544 temporary low looks around the corner.

 

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