1,6034. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,6000. The uptrend should continue to gather momentum.
=> We could take a long position at 1,6030. We will put the stop loss below 1,5980 (-50 pips). The targets are 1,6150 (+120 pips) 1,6280 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,6000 - 1,5950
1,6090 - 1,6155

Arnaud Jeulin