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EUR/CAD - Euro Canadian Dollar, European Session - 01/07/09

01 Jul, 2009 @ 01:19 am ET | written by Mataf


1,6303. 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. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,6300 (3 pips). The uptrend should continue to gather momentum.
Resistances
1,6330 - 1,6380
Supports
1,6300 - 1,6250

tags: Forex, eurcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

For more forex information, go to www.mataf.net

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