1,5742. EUR CAD is in a range between 1,5665 and 1,5810. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,5350 (380 pips). We won't take a position. The risk/reward ratio is too high to take a position..

updated 05 mai 2008 05:45 GMT +02:00