EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 1.61434 is considered certain.
Caution: A possible change in the direction of the support line at 1.60262 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.62247 |
| Next High | 1.61434 |
| Current Price | 1.60912 |
| Next Low | 1.60262 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60819 – 1.61434 – 1.62247 – 1.60262 – 1.60272 – 1.60854 — 56.807189087135 – 60.881368381429 — 32.961703199798 – 46.582166949748 – 32.616318132191 – 37.791603310956
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Triple bottom chart pattern – –