EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 1.61086 will persist.
Caution: A possible trend reversal in the direction of the support zone at 1.60625 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.61086 |
| Current Price | 1.61000 |
| Next Low | 1.60625 |
| 2nd Low | 1.60146 |
| 3rd Low | 1.59976 |
1.61086 – 1.60970 – 1.60631 – 1.60625 – 1.60146 – 1.59976