EURUSD finds support
 

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The US dollar remained on the front foot as the pair grinds lower. A previous move below the daily support of 1.1550 kept the bulls on the defensive before a subsequent bounce. A drop below this base of the rebound will invalidate the momentum and signal that a continuous sell-off could be on the horizon. 1.1600 is the first hurdle to clear to weaken the short side and drive prices above 1.1700 at the recent consolidation zone.
 

CADJPY begins retracing
 

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The Yen began the fightback as the current weakness across the board started to fade. On the chart, bulls are still trying to regain the upper hand after bouncing 300 pips higher, from last week’s weekend gap. However, despite the recent sell-off, the price seems to be well-supported above 108.00. A close above 109.30 would confirm the bullish drive and shake out more sellers. On the flip side, a move past 108.20 opens the path towards 107.00 at the start of the breakout.
 

GER 40 hits resistance
 

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The Dax lost some ground after hitting a fresh high above 24700. A break below 24500 would lead the bulls to take some chips off the table, and this could be a pivotal point for the price action in the coming week. The medium-term trend would remain bullish if the quote is above, heading towards the next target at 25000. 24500 is a fresh support with 24225 as a second layer of defence.

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