EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.60129 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.60922 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61434 |
| 2nd High | 1.61155 |
| Next High | 1.60922 |
| Current Price | 1.60810 |
| Next Low | 1.60129 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60922 – 1.60819 – 1.60526 – 1.60129 – 1.60287 – 1.60262 — 52.010993165853 – 51.219249010302 — 14.567307646018 – 19.80008723056 – 7.4855728725364 – 13.794793899961
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top retreat up – –