1,6299. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,6260 (39 pips). The uptrend should continue to gather momentum.
- 1,6325 - 1,6350
- 1,6260 - 1,6185