Looking at the USDCAD Forex Chart below, it looks like we're at the bottom of the regression channel sitting in and around 1.0578 and with no major news announcements coming up today I would figure that we're looking at a move to the long side - however with volatility / deviation decreasing my hypothesis is that the downward trend from 1.0755 is for the most part over and USDCAD would likely recover a little bit after ranging a bit. Possibly retrace all the way to 1.0640 levels.

I would only make that trade on the long side if I were to see momentum on the shorter time frames. Current bias however is indeed on the long side.

Looks like we'll be in a fairly tight range at least for the interim. Bound by 1.5020 and 1.4975. Any forceful breakout to the top would see price head straight for 1.5050 and possibly beyond that while the downside is more then likely to 1.4900. We may see some pretty good action today as volatility / deviation is quite low via the DCD indicator at the moment thought it has been increased in the last few candle bars as noted. I don't think price in Forex especially for EURUSD every stays really at equilibrium so I will be looking for a breakout of some sort today either a continuation of the up trend or a serious retracement down to 1.4900 on the EURUSD

In the attached chart the FX price for EURUSD is sitting in and around the regressio mean as well, combined with low volatility it doesn't give me reason to do anything other then scalping the smaller 1 minute and 5 minute timeframes off the regression means.