EUR/CAD - Euro Canadian Dollar
Short term (Intraday)
1,4990. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5050. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,5000 - 1,5050
- Supports
- 1,4960 - 1,4870
updated 25 févr 2008 05:40 GMT +02:00
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