The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.62049 is certain.
Caution: A possible change in the direction of resistance at 1.62681 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.62681 |
| Current Price | 1.62246 |
| Next Low | 1.62049 |
| 2nd Low | 1.6198 |
| 3rd Low | 1.61787 |
1.62681 – 1.62434 – 1.62575 – 1.62049 – 1.6198 – 1.62041 — 54.999915043964 – 44.017114961612 — 71.096787940127 – 37.763454606793 – 75.25183753866 – 65.319578354256
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – Rising Wedge Chart Pattern – –