1,6165. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a resistance below 1,6250 (85 pips). The consolidation should continue.
Resistances
1,6250 - 1,6290
Supports
1,6075 - 1,5960

tags: Forex, eurcad
author: Arnaud Jeulin
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