1,6109. EUR CAD broke 1,6135 support. EUR CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a resistance below 1,6165 (56 pips). The downtrend should continue on 1,6020 support (89 pips).
Resistances
1,6165 - 1,6265
Supports
1,6075 - 1,6020

tags: Forex, eurcad
author: Arnaud Jeulin
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