- EUR / CAD is negotiated around the 1,5600 zone after a calm Friday session after Europe.
- The upper structure holds, although the short -term momentum indicators remain mixed.
- The long -term trend indicators promote the increase while short -term resistance levels begin to cap the price.
Friday, the EUR / CAD pair hovered near the 1,5600 zone after the European session, showing little changes during the day, but maintaining a regular bias overall. The price action remains confined in the middle of the daily range, reflecting continuous consolidation. While short -term signals show hesitation, wider perspectives are supported by strong indicators based on trends positioned below current levels.
From a technical point of view, EUR / CAD retains a bullish posture, although with short -term contradictory signals. The relative resistance index is just below 50, marking a neutral dynamic position. The divergence of the mobile average convergence sends a sales signal, pointing to a potential slowdown in the upward disc. Meanwhile, the Stochastic Channel index% K and basic is also neutral, highlighting the current consolidation phase.
Trend indicators paint a clearer image. The simple 30 -day exponential and mobile averages are both just under a current action and maintain an upward slope. Although the 20-day simple mobile average is above the point and signals the sales pressure, it remains relatively flat and lack of confirmation of other tools. The single -term single -term mobile averages continue to increase up, firmly supporting the bull -up structure of the pair.
The support is observed at 1.5635, 1.5633 and 1.5627. The levels of resistance are at 1.5675, 1.5683 and 1.5686. A break over the resistance could strengthen upward perspectives, while non-compliance with support can withdraw attention to short-term mobile averages.
Daily graphic
