1,4516. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,4560. The downtrend should continue to gather momentum. The target is expected at 1,4400.
1,4560 - 1,4575
1,4500 - 1,4400