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EUR/CAD - Euro Canadian Dollar, European Session - 03/07/09

03 Jul, 2009 @ 01:49 am ET | written by Mataf


1,6218. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. Bollinger bands are flat. 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 1,6200 (18 pips). The uptrend should continue to gather momentum.
Resistances
1,6300 - 1,6350
Supports
1,6200 - 1,6170

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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