As per the 4 hour chart we can observe that the EURUSD is in upward trend for the last few weeks and sustained its upward rally, appreciating more than 500 pips since June 20, 2017 and well above its long term moving averages. But the pair seems to be moving in an upward channel and has already touched its upper channel line. The pair is also trading near its strong resistance. And as per MACD, it is also reflecting a kind of negative divergence. As per our analysis, we are expecting the currency pair to depreciate from its current levels in the coming days. The EURUSD may consolidate at its current levels with a little bit of fluctuations and then may start depreciating from there on for a short term period as a correction.
 
Resistance: 1.1760, 1.1770, 1.1800, 1.1810, 1.1825, 1.1840, 1.2014, 1.2252
Support: 1.1614, 1.1494, 1.1483, 1.1440, 1.1391, 1.1323, 1.1282
 
So as per the technical analysis our strategy for the coming week should be:

Sell at 1.1790, Stop at 1.1825 and Target at 1.1614, 1.1494
Buy above 1.1825, Stop at 1.1790 and Target at 1.2010, 1.2252
Sell below 1.1760, Stop at 1.1795 and Target at 1.1614, 1.1494
Buy at 1.1485, Stop at 1.1455 and Target at 1.1614, 1.1680, 1.1760

USDCAD Technical Analysis Report for the week ahead – 23/07/2017
 
Hourly Chart (1.2538)

As per hourly chart, we can observe that the USDCAD is depreciating and in downward trend. The pair is trading below its support and long term Moving Averages. On hourly chart and purely on the basis of technical analysis we are expecting this pair depreciate further from its current levels. We can expect the pair to take support near 1.2410 and to consolidate at that level. We are expecting USDCAD to bounce back from those levels and may appreciate from that price.
 
So as per the analysis our strategy for the coming week should be:
 
Sell at 1.2555, Stop at 1.2585 and Target at 1.2415
Sell at 1.2595, Stop at 1.2625, Target at 1.2415
Buy at 1.2405, Stop at 1.2375, Target at 1.2580, 1.2595, 1.2622
Sell below 1.2380, Stop at 1.2310, Target at 1.2333, 1.2194, 1.2000