1,6178. 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 high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a resistance below 1,6230 (52 pips). The consolidation should continue. If the resistance breaks then the target will be 1,6600 (422 pips).
1,6230 - 1,6330
1,6150 - 1,6025