EUR/CAD - Euro Canadian Dollar
Short term (Intraday)
1,5052. EUR CAD is in an uptrend supported by 4H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. EUR CAD is in a range between 1,4900 and 1,5200. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should consolidate. 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
- 1,5030 - 1,4970
updated 18 janv 2008 05:36 GMT +02:00
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