1,5242. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,6150 (908 pips). The uptrend should continue to gather momentum.
- 1,6250 - 1,6300
- 1,6180 - 1,6140