Euro Canadian Dollar (EUR/CAD) - 17/01/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,5088. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The consolidation should continue. The price should continue to move in 1,4900 / 1,5200 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,5140 - 1,5200
Supports
1,5050 - 1,4975
updated 17 janv 2008 21:20 GMT +02:00

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