| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The single European currency has been trading between the range of 1.4764/1.4592 zones against the Canadian Dollar since November 21. The currency pair depreciated about 1.14% in value during last week's trading sessions.
Given that the EUR/CAD currency pair has bounced off the bottom border of an ascending channel pattern, bullish traders could drive the price towards the 1.4850 area during the following trading sessions.
However, a resistance cluster formed by the weekly R1 and the monthly R1 at 1.4764 could hinder such progress within this week's trading sessions.