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EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4960. EUR CAD is in a range between 1,4900 and 1,5200. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 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
1,4980 - 1,5020
Supports
1,4900 - 1,4825
updated 21 janv 2008 22:08 GMT +02:00

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