EUR/CAD - Euro Canadian Dollar, Asian Session - 27/02/08
1,4838. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. Oscillators are neutral. The uptrend should continue to gather momentum. The price should find a resistance below 1,4860. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,4850 - 1,4860
- Supports
- 1,4780 - 1,4730
Source : EUR CAD
This entry was posted on Wednesday, February 27th, 2008 at 22:52 and is filed under EUR CAD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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