1,4768. EUR CAD broke 1,4690 resistance. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,4730. The uptrend should continue to gather momentum. The target is expected at 1,5000 (235 pips).
1,4830 - 1,4900
1,4730 - 1,4690