1,5839. EUR CAD is in a consolidation after the last bearish movement. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue on 1,5790 support (49 pips).
Resistances
1,5905 - 1,5960
Supports
1,5830 - 1,5770

tags: Forex, eurcad
author: Arnaud Jeulin
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