- EUR/CAD is circulating around the 1.5600 region after the quiet Friday session after Eurobe.
- The bullish structure bears, although short -term momentum remains mixed.
- Long -term trend indicators prefer the upward trend while resistance levels in the short term begin to reduce the price.
The EUR/CAD pair is hovering near the 1.5600 region on Friday after the European session, showing a little change per day, but maintains a generally steady bias in general. The price procedure remains limited in the middle of the daily domain, which reflects continuous monotheism. While short -term signals show frequency, the broader expectations are supported by a strong direction menu Indicators Putting below the current levels.
From an artistic point of view, EUR/CAD maintains a fasting position, albeit with conflicting signals in the short term. RSI is just less than 50, which represents a neutral stance of momentum. The average medium rapprochement (MACD) sends a signal signal, pointing to a possible slowdown in the upper direction engine. Meanwhile, the random channel index and the index of the commodity channel is also neutral, confirming the current monotheism.
The trend indicators draw a clearer picture. The simple and 30 -day moving averages lie directly in the current prices and maintain an upward slope. Although the simple moving average for 20 days over the stain and signs that sell pressure, it remains relatively flat and lacks confirmation of other tools. Simple moving averages of 100 days, 200 days and 200 days continue to refer to the top, supporting the bullish structure of the medium -term pair.
Support appears at 1.5635, 1.5633 and 1.5627. Resistance levels stand at 1.5675, 1.5683 and 1.5686. The lounge over the resistance can promote the upcoming expectations, while failure to retain support may turn attention to the short -term moving averages.
Daily chart
