1,4722. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue to gather momentum. The price should find a support above 1,4680.
=> We could take a long position at 1,4720. We will put the stop loss below 1,4660 (-60 pips). The targets are 1,4810 (+90 pips) 1,5000 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,4745 - 1,4810
1,4680 - 1,4660