| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The single European currency has been trading sideways against the Canadian Dollar since January 8. The 200-hour simple moving average was providing resistance at 1.5266.
he exchange rate is currently trading near the bottom border of an ascending channel at 1.5232.
If the support level formed by the lower boundary of the channel pattern holds, the currency exchange rate could aim for a resistance cluster at 1.5405 within this session.
However, if the price breaks the channel pattern, the decline of the EUR/CAD pair will continue during this week trading sessions.