1,6869. EUR CAD broke 1,6910 support. EUR CAD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The consolidation should continue. The price should continue to move in 1,6765 / 1,6910 range. If the support is broken then the target will be 1,6400 (469 pips).
We are waiting for a break of the support to take a short position.
1,6910 - 1,7080
1,6765 - 1,6675