1,5851. EUR CAD is in a range between 1,5710 and 1,5875. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. If the resistance is broken then the target will be 1,6100.
We are waiting for a break of resistance to take a long position.
1,5875 - 1,5900
1,5800 - 1,5710