1,4775. 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. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a resistance below 1,4830. If the resistance is broken then the target will be 1,4950.
=> We could take a long position at 1,4770. We will put the stop loss below 1,4720 (-50 pips). The targets are 1,4830 (+60 pips) 1,4880 (+110 pips) 1,4950 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,4830 - 1,4900
1,4755 - 1,4690