1,5362. EUR CAD is in a consolidation after the last bearish movement. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances
1,5400 - 1,5490
Supports
1,5320 - 1,5240

tags: Forex, eurcad
author: Arnaud Jeulin
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