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EURO trades: EUR USD + EUR JPY

Both 2 trades were based from an important data release coming out today: the ZEW economic sentiment so I was expecting a move in EURO pairs.
I came on EURUSD charts and saw price in overall downtrend.
Following here the 15min chart:
As you can see, daily opening price came right on yesterday's support and immediatly went down. In early european session price was bouncing on 1.3362. At first I set a sell limit near 1.3380 but finally I decided to set a "more safe" sell stop right lower than 1.3…
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USDCAD

The USDCAD pair is showing clear respect to a key moving average today while trading within the middle of a flag formation. There is a possible double top in formation, yet for the time being I see direction being determined by this 50 period SMA. The 50 period SMA has provided significant resistance throughout 2014 and appears to be doing so yet again. The shooting star and doji candles seen in the past two four hour periods show a clear element of indecision in the market. The stochastic oscil…
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