1,5311. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue to gather momentum.
Resistances
1,5400 - 1,5480
Supports
1,5300 - 1,5270

tags: Forex, eurcad
author: Arnaud Jeulin
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