Euro Canadian Dollar (EUR/CAD) - 06/05/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,5687. 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. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The price should find a support above 1,5665. If the support is broken then the target will be 1,5350 (130 pips).

Resistances
1,5710 - 1,5750
Supports
1,5665 - 1,5640
updated 06 mai 2008 05:43 GMT +02:00

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