1,5906. 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 low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The target is expected at 1,6200.
=> We could take a long position at 1,5900. We will put the stop loss below 1,5850 (-50 pips). The targets are 1,5970 (+70 pips) 1,6070 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,5925 - 1,5970
1,5830 - 1,5800