1,5433. 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 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 resistance below 1,5480 (47 pips). The downtrend should continue to gather momentum.
- 1,5480 - 1,5560
- 1,5345 - 1,5280