EUR/CAD – 4H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 1.61086 is likely expected.
Caution: A possible trend reversal in the direction of support at 1.59283 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.61086 |
| Current Price | 1.61231 |
| Next Low | 1.59283 |
| 2nd Low | 1.56444 |
| 3rd Low | 1.55730 |
1.61086 – 1.58434 – 1.56811 – 1.59283 – 1.56444 – 1.55730 — 52.836297415071 – 56.860019117913 — 23.457437510925 – 7.1027839525775 – 49.822292140069 – 25.632758083825
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – –