EUR/CAD - Euro Canadian Dollar, American Session - 09/04/09

By IBTimes Staff Reporter | April 09 2009 5:37 AM

1,6307. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.

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Resistances: 1,6340 - 1,6430
Supports: 1,6300 - 1,6270

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