1,4755. 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 high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue to gather momentum. The target is expected at 1,5000.
=> We could take a long position at 1,4750. We will put the stop loss below 1,4690 (-60 pips). The targets are 1,4900 (+150 pips) 1,5000 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,4830 - 1,4900
1,4730 - 1,4695