1,6098. 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, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,6030. The uptrend should continue to gather momentum. The target is expected at 1,6250 (150 pips).
=> We could take a long position at 1,6090. We will put the stop loss below 1,6030 (-60 pips). The targets are 1,6200 (+110 pips) 1,6250 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6140 - 1,6200
1,6030 - 1,5840