EUR/CAD - Euro Canadian Dollar, European Session - 13/05/08
1,5637. EUR CAD is in a range between 1,5400 and 1,5700. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,5400 / 1,5700 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,5650 - 1,5700
- Supports
- 1,5570 - 1,5500
This entry was posted on Tuesday, May 13th, 2008 at 7:47 and is filed under Uncategorized. 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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