EUR/CAD - Euro Canadian Dollar, American Session - 03/02/09

on February 03 2009 5:15 AM

1,6056. EUR CAD is in a consolidation after the last bullish movement. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a resistance below 1,6100 (44 pips).

1,6100 - 1,6300
1,5940 - 1,5770

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