AFX: EUR/CAD - Euro Canadian Dollar, American Session - 10/11/08
1,5118. EUR CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,5200 - 1,5340
Supports
1,5000 - 1,4850
