Euro Canadian Dollar (EUR/CAD) - 13/02/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4574. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. EUR CAD is in a range between 1,4500 and 1,4610. The volatility is high. Oscillators are neutral. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4610 - 1,4670
Supports
1,4560 - 1,4500
updated 13 févr 2008 05:52 GMT +02:00

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