1,5779. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a resistance below 1,5820 (41 pips). The downtrend should continue to gather momentum.
- 1,5825 - 1,5930
- 1,5690 - 1,5600