1,5406. EUR CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a resistance below 1,5435 (29 pips). The downtrend should continue on 1,5280 support (126 pips).
Resistances
1,5495 - 1,5560
Supports
1,5400 - 1,5370

tags: Forex, eurcad
author: Arnaud Jeulin
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