1,5847. 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 is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,5840. If the support is broken then the target will be 1,5700 (140 pips).
=> We could take a short position at 1,5845. We will put the stop loss above 1,5900 (-55 pips). The targets are 1,5780 (+65 pips) 1,5700 (+145 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5900 - 1,5975
1,5840 - 1,5780