1,5641. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5690 (49 pips). The downtrend should continue to gather momentum.
- 1,5560 - 1,5590
- 1,5610 - 1,5575