Euro Canadian Dollar (EUR/CAD) - 18/02/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4739. EUR CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The consolidation should continue. The price should find a resistance below 1,4830. If the resistance is broken then the target will be 1,5000.

Resistances
1,4830 - 1,4900
Supports
1,4725 - 1,4690
updated 18 févr 2008 13:47 GMT +02:00

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