1,5633. EUR CAD broke 1,5600 resistance. EUR CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,5600 (35 pips). The uptrend should continue on 1,5700 (65 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..
1,5660 - 1,5700
1,5620 - 1,5600