1,6120. EUR CAD is in a consolidation after the last bullish movement. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue on 1,6200 (80 pips) resistance.
1,6160 - 1,6200
1,6080 - 1,6000