EUR/CAD – 1H – BUY

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The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.

The bullish trend up to the next resistance at 1.60819 is considered certain.

Caution: A possible change in the direction of the support line at 1.60262 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance	Price Range*
3rd High	1.62247
2nd High	1.61434
Next High	1.60819
Current Price	1.60961
Next Low	1.60262
2nd Low	1.59283
3rd Low	1.59114

1.60819 – 1.61434 – 1.62247 – 1.60262 – 1.60272 – 1.60854 — 60.114528390177 – 64.384181159549 — 74.158398767234 – 85.74625632707 – 70.278420391642 – 77.028437338182

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Triple bottom chart pattern – –