1,4725. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,4685 and 1,4830. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.
=> We could take a long position at 1,4720. We will put the stop loss below 1,4660 (-60 pips). The targets are 1,4830 (+110 pips) 1,4880 (+160 pips) 1,4950 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,4790 - 1,4830
1,4685 - 1,4660