1,6720. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,6670 and 1,6975. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The consolidation should continue. The price should find a support above 1,6670 (50 pips). If the support breaks then the target will be 1,6365 (355 pips).
- 1,6830 - 1,6975
- 1,6670 - 1,6560