1,6085. 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. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,6050. The uptrend should continue to gather momentum.
=> We could take a long position at 1,6080. We will put the stop loss below 1,6035 (-45 pips). The targets are 1,6200 (+120 pips) 1,6350 (+270 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6105 - 1,6170
1,6050 - 1,6015