Euro Canadian Dollar (EUR/CAD) - 07/05/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,5484. EUR CAD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue on 1,5350 (130 pips) support.

Resistances
1,5520 - 1,5620
Supports
1,5465 - 1,5375
updated 07 mai 2008 12:59 GMT +02:00

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