EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.
A bearish descent down to the next support at 1.60647 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.61118 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.61230 |
| Next High | 1.61118 |
| Current Price | 1.61019 |
| Next Low | 1.60647 |
| 2nd Low | 1.60135 |
| 3rd Low | 1.59283 |
1.61118 – 1.61230 – 1.60342 – 1.60647 – 1.60135 – 1.59283 — 66.356838862391 – 61.334680856389 — 98.803216211192 – 86.161461238148 – 93.106499853484 – 94.117814088794