EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.
A bearish descent downwards to the next support level at 1.60625 is expected.
Caution: A possible change in the direction of the resistance level at 1.61086 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.61086 |
| Current Price | 1.60980 |
| Next Low | 1.60625 |
| 2nd Low | 1.60146 |
| 3rd Low | 1.59976 |
1.61086 – 1.60970 – 1.60631 – 1.60625 – 1.60146 – 1.59976