The most obvious trade would be to buy EUR/CAD with support levels nearby in both EUR/USD (1.3650/60) and USD/CAD (1.0950). That said, we could easily see a test of these levels in early Europe so best to wait maybe until an hourly low forms and then buy? Not really my side, as I’d prefer to be long CAD, but at present levels the risk-reward favours the EUR/CAD dip buyers.
Elsewhere I’m not seeing much but I think we may be in for a few hours of arm-wrestling in EUR/GBP with the bears looking to break back below .8240 and regain the momentum. If the EUR/GBP bulls can hold firm, then we could see a quick dip in the cable to test that important support levels near 1.6470.