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

 @ibtimes
on February 02 2009 5:51 AM

1,5858. EUR CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The consolidation should continue. The price should continue to move in 1,5650 / 1,5930 range.

Resistances
1,5930 - 1,6075
Supports
1,5775 - 1,5650

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