- EUR / CAD is negotiated near the 1,5600 zone after having modestly obtained the session on Monday.
- Handy perspectives supported by long -term trend indicators, despite short -term indecision.
- The levels of resistance form general costs while the dynamic support of EMAS remains at stake.
The EUR / CAD pair checked above Monday, negotiating around the 1.5600 zone after the European session. While the action of the prices remained in the middle of the daily fork, the pair showed signs of underlying force, aligning with a wider bullish structure. Elan's signals remain mixed for the moment, although the long -term trend means continues to promote the euro compared to the Huard.
Technically, the EUR / CAD configuration holds a bullish tone despite some neutral momentum signals. The relative resistance index is nearly 49, showing a balanced market, while the divergence of mobile average convergence is leaning down with a mild sales signal. The impressive oscillator is neutral and the bull bear power indicator suggests a slight bias towards the purchase pressure, offering a slight confirmation of the request.
Trendy indicators are more decisive. The single, 100 days and 200 days mobile averages are well below current levels and continue to increase, strengthening the wider bullish frame. Likewise, the 30 -day simple exponential and mobile averages offer a dynamic support just in place. On the other hand, the 20 -day SMA is slightly higher than the price and can act as an initial resistance until the momentum resumes.
Support levels are noted to 1.5638, 1.5633 and 1.5595. The resistance amounts to 1.5675, 1.5676 and 1.5686. A rupture through the resistance zone could confirm the continuation of the longer-term bullish trend, while non-compliance with the support can lead to a short-term break or retirement.
Daily graphic
