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EUR/CAD Weekly Analysis ( March 27-31)

Daily chart analysis
The EUR/CAD currency pair is in a retracement at the moment, according to the daily chart. The end of the retracement might be at 1.4532 (Fibo 50%). It is highly possible that the MACD and the stochastic oscillator will turn negative next week.

EURCADdaily page 001

8 hour chart analysis
According to the 8 hour chart, the EUR/CAD currency pair is into a range between 1.4500 and 1.4350 at the moment. If the price exits from the range below 1.4350, it might continue to fall below EMA 200 (1.4371).

EURCAD8h page 001

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