1,6227. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,6195 and 1,9295. The volatility is low. Bollinger bands are flat. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,6200 (27 pips). The uptrend should continue to gather momentum.
Resistances
1,6290 - 1,6330
Supports
1,6200 - 1,6150

tags: Forex, eurcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.