1,5457. 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 high. ForexTrend 4H, daily (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 1,5490 (33 pips). The downtrend should continue to gather momentum.
Resistances
1,5485 - 1,5580
Supports
1,5410 - 1,5330