EUR/CAD – 1H – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 1.60262 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.60819 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62247 |
| 2nd High | 1.61434 |
| Next High | 1.60819 |
| Current Price | 1.60831 |
| Next Low | 1.60262 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60819 – 1.61434 – 1.62247 – 1.60262 – 1.60272 – 1.60854 — 57.923298571102 – 56.557664035153 — 68.390266671753 – 57.495131035297 – 79.865152753277 – 68.985075463273
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down – Triple bottom chart pattern – –