1,5840. EUR CAD broke 1,5700 resistance. EUR CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5850 (10 pips). The consolidation should continue. If the resistance breaks then the target will be 1,6100 (260 pips).
- 1,5850 - 1,5900
- 1,5775 - 1,5700