1,6187. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,6020 and 1,6250. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The uptrend should continue to gather momentum.
Resistances
1,6250 - 1,6280
Supports
1,6160 - 1,6090

tags: Forex, eurcad
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.