1,6204. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a support above 1,6190 (14 pips). The uptrend should continue to gather momentum.
Resistances
1,6280 - 1,6330
Supports
1,6190 - 1,6120

tags: Forex, eurcad
author: Arnaud Jeulin
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