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How to trade the dollar this week – EURUSD & GBPUSD
From:
Jason Sen --  Day Trading  Expert Jason Sen -- Day Trading Expert
For Immediate Release:
Dateline: London,
Monday, May 22, 2023

 

EURUSD lower last week after the sell signal on Tuesday morning but a recovery on Friday held 2 pips from strong resistance at 1.0830/40.

So obviously this is key on Monday & shorts need stops above 1.0850.

Strong resistance again at 1.0875/95 so a high for the day looks likely if we climb this far. Shorts need stops above 1.0905.

EURCAD should have resistance at 1.4636/55. Shorts need stops above 1.4670.
Targets: 1.4600, 1.4570.

USDCAD resistance at 1.3510/30. Shorts need stops above 1.3540.
Targets: 1.3480, 1.3460, 1.3440.

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Name: Jason Sen
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Dateline: London, United Kingdom
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