Euro Canadian Dollar (EUR/CAD) - 12/02/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4570. EUR CAD is in an uptrend which support is 1,4540 and resistance is 1,4740. EUR CAD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,4580. The downtrend should continue to gather momentum.

Resistances
1,4580 - 1,4625
Supports
1,4535 - 1,4500
updated 12 févr 2008 05:47 GMT +02:00

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