EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 1.57071 is expected.
Caution: A possible trend reversal in the direction of the support zone at 1.55998 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57598 |
| 2nd High | 1.57216 |
| Next High | 1.57071 |
| Current Price | 1.57044 |
| Next Low | 1.55998 |
| 2nd Low | 1.55861 |
| 3rd Low | 1.55730 |
1.56666 – 1.56615 – 1.56413 – 1.55998 – 1.56088 – 1.55861
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji