1,6110. 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 high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,6070 / 1,6270 range. We won't take a position. The risk/reward ratio is too high to take a position..
1,6200 - 1,6270
1,6105 - 1,6070

Arnaud Jeulin