EUR/CAD - Euro Canadian Dollar, European Session - 27/03/08
1,6081. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,6030. The uptrend should continue to gather momentum.
- Resistances
- 1,6140 - 1,6230
- Supports
- 1,6030 - 1,5975
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