EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 1.62565 is likely expected.
Caution: A possible change in the direction of the support zone at 1.61906 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62565 |
| Current Price | 1.62551 |
| Next Low | 1.61906 |
| 2nd Low | 1.60262 |
| 3rd Low | 1.59283 |
1.62434 – 1.62565 – 1.60819 – 1.61906 – 1.60262 – 1.60272 — 57.410384230699 – 68.152546844881 — 58.350440217143 – 89.507777929839 – 48.351139453893 – 62.063050308972
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double bottom retreat down – –