1,5625. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a resistance below 1,5690 (65 pips). The downtrend should continue to gather momentum.
Resistances
1,5670 - 1,5760
Supports
1,5600 - 1,5520

tags: Forex, eurcad
author: Arnaud Jeulin
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