EUR/CAD 4H Chart: Decline likely to continue

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralBuyBuy
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇒⇘

[ANNOUNCE]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.[/ANNOUNCE]

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.

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