EURUSD hits resistance
The dollar (USD) pulled back from the recent rally as prices hit resistance. On the chart, a bounce away from the 1.0900 level suggests that a correction is due after a long bullish rally. The pair has moved over 300 pips higher as the greenback ran out of steam. If the turnaround has begun, 1.0800 is the first hurdle for sellers before a full recovery can be confirmed. Failing that, another test above 1.0900 could see a continuation towards 1.0950.
USDCAD hitting higher highs
The Canadian dollar attempts to reverse the recent impulse that has seen The dollar (USD) progress towards the 1.4500 area. With a series of higher highs benefitting the pair, the current downside move has hopes of a turnaround and that bulls could regain control of the direction. 1.4350 is fresh support, and 1.4420 is a significant level to keep the upward bias intact before the rally can extend to the daily resistance of 1.4550.
UK 100 falling from its peak
The FTSE turned lower on fears of an escalation in the current global trade war. 8480 is the immediate support, and its breach could open a continuation of the bear rally in the next few sessions. On the upside, a close back above 8600 could resume the slight uptrend that the index has seen as buyers look for further signals on the oversold RSI.