| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
A resistance cluster formed by the weekly R1 and the 23.60% Fibonacci retracement level at 1.5114 has pressured the common European currency south against the Canadian Dollar.
The currency pair breached the 61.80% Fibonacci retracement level at 1.5024 during the morning hours of Monday's trading session.
Most likely, the EUR/CAD exchange rate will continue its southern movement during the following trading sessions.
The potential downside swing will be near a support cluster formed by the combination of the weekly and the monthly PPs ay 1.4956 in the nearest future.