EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 1.61813 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.60884 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.61813 |
| Current Price | 1.61034 |
| Next Low | 1.60884 |
| 2nd Low | 1.60647 |
| 3rd Low | 1.59283 |
1.61813 – 1.61118 – 1.61230 – 1.60884 – 1.60647 – 1.59283 — 34.517168348693 – 42.347840149843 — 30.437207917314 – 38.934261614674 – 32.537278934984 – 33.904744730425