1,6007. 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 tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,5980 (27 pips). The uptrend should continue to gather momentum.
Resistances
1,6080 - 1,6130
Supports
1,5980 - 1,5955

tags: Forex, eurcad
author: Arnaud Jeulin
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