1,5633. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a resistance below 1,5660 (27 pips). If the resistance is broken then the target will be 1,6200 (567 pips).
We are waiting for a break of the resistance to take a long position.
- Resistances
- 1,5660 - 1,5705
- Supports
- 1,5525 - 1,5425