1,4766. 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 1,4680 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. The price should find a support above 1,4700.
=> We could take a long position at 1,4750. We will put the stop loss below 1,4700 (-50 pips). The targets are 1,4830 (+80 pips) 1,4950 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,4830 - 1,4900
1,4730 - 1,4700 - 1,4680