1,5687. 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 decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5600 (87 pips). The uptrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,5670 - 1,5900
- Supports
- 1,5650 - 1,5530