1,5528. EUR CAD is in an downtrend directed by 4H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5580 (52 pips). The downtrend should continue to gather momentum.
- 1,5590 - 1,5660
- 1,5490 - 1,5450