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Technical Analysis Reports

Forex Center > News > Technical Analysis Reports

EUR/CAD - Euro Canadian Dollar, European Session - 18/11/08

17 Nov, 2008 @ 09:58 pm ET

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1,5499. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.

Resistances: 1,5570 - 1,5660
Supports: 1,5425 - 1,5345