EUR/CAD - Euro Canadian Dollar, American Session - 27/03/08
1,6080. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,6035. The uptrend should continue to gather momentum.
=> We could take a long position at 1,6070. We will put the stop loss below 1,6030 (-40 pips). The targets are 1,6200 (+130 pips) 1,6350 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
=> We could take a long position at 1,6070. We will put the stop loss below 1,6030 (-40 pips). The targets are 1,6200 (+130 pips) 1,6350 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
- Resistances
- 1,6155 - 1,6230
- Supports
- 1,6035 - 1,5930
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