EUR/USD rose during most of the week, but gave back quite a bit on Friday in order to form a shooting star. The shooting star made it all the way up to the 50% Fibonacci retrace, and as a result it looks a bit vulnerable at this point in time. Under 1.24, things get ugly quick.
The GBP/USD pair has recently broken out above the all-important 1.58 level. This past week saw this pair confirm the support at that general vicinity, and now looks set to continue higher.
The USD/CAD is testing the bottom of a massive consolidation area in the form of 0.98, and looks like it is trying to find a reason to bounce at this point. The oil markets will be key as usual, but a move higher isn't exactly a stretch at this point.
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