1,5050. EUR CAD is in an downtrend directed by 4H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. EUR CAD is in a range between 1,5000 and 1,5680. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
- 1,5590 - 1,5680
- 1,5520 - 1,5400