The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, and USD/CAD.
EUR/USD: Although we prefer the long side, we recommend keeping a stop below the 200 day moving average at 1.1322 and not jumping into longs at the current level.
USD/CAD: Having broken the resistance at 1.3250, the next big levels are 1.3385 and 1.3470. The market is still very nervous, so for today stay very flexible and try to fade a 50 to 80 pip move in either direction.
