EUR/CAD - Euro Canadian Dollar, European Session - 22/01/09

By @ibtimes on

1,6372. There is an horizontal range between 1,6300 and 1,6435. Support and resistance are given by Bollinger bands. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.

Resistances
1,6420 - 1,6530
Supports
1,6330 - 1,6255

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