Euro Canadian Dollar (EUR/CAD) - 21/01/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4955. 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 rises. Bollinger bands are deviated. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a support above 1,4900. The consolidation should continue. If the support is broken then the target will be 1,4820.

Resistances
1,5000 - 1,5050
Supports
1,4940 - 1,4900
updated 21 janv 2008 05:40 GMT +02:00

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