The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.58434 will continue.
Caution: A possible counter-trend in the direction of support at 1.57101 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.59602 |
| 2nd High | 1.59508 |
| Next High | 1.58434 |
| Current Price | 1.57662 |
| Next Low | 1.57101 |
| 2nd Low | 1.55998 |
| 3rd Low | 1.55861 |
1.58434 – 1.57490 – 1.56463 – 1.57350 – 1.57101 – 1.55998
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji