1,5720. EUR CAD is in an downtrend directed by 1H exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a support above 1,5660 (60 pips). The price should consolidate.
Resistances
1,5750 - 1,5820
Supports
1,5665 - 1,5630

tags: Forex, eurcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.