| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Eurozone single currency fell by 1.05% against the Canadian Dollar during last week's trading sessions. The EUR/CAD currency pair tested the 1.4800 level on March 26.
Everything being equal, the exchange rate could continue to edge lower. A breakout through the lower boundary of a descending channel pattern could occur this week.
However, the weekly support level at 1.4761 could provide support for the currency exchange rate in the shorter term.