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EUR/CAD - Euro Canadian Dollar, American Session - 02/07/09

02 Jul, 2009 @ 08:49 am ET | written by Mataf


1,6216. EUR CAD is in an uptrend supported by 4H 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.
Resistances
1,6240 - 1,6275
Supports
1,6195 - 1,6125

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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