EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards
A descending movement down to the next support line at 1.55861 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.56811 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57216 |
| 2nd High | 1.57071 |
| Next High | 1.56811 |
| Current Price | 1.56385 |
| Next Low | 1.55861 |
| 2nd Low | 1.55730 |
| 3rd Low | 1.55350 |
1.56413 – 1.56369 – 1.56553 – 1.55861 – 1.55730 – 1.55877
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down