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.
Resistances
1,5560 - 1,5590
Supports
1,5610 - 1,5575

tags: Forex, eurcad
author: Arnaud Jeulin
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