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

02 Jul, 2009 @ 02:19 am ET | written by Mataf


1,6204. 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 decreases. Bollinger bands are tightened. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a support above 1,6190 (14 pips). The uptrend should continue to gather momentum.
Resistances
1,6280 - 1,6330
Supports
1,6190 - 1,6120

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

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