Euro Canadian Dollar (EUR/CAD) - 01/02/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4893. EUR CAD is in a consolidation after the last bullish movement. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4950 - 1,5080
Supports
1,4860 - 1,4800
updated 01 févr 2008 05:34 GMT +02:00

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