EUR/CAD – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 1.50310 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.50950 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.50950 |
| Current Price | 1.50244 |
| Next Low | 1.50310 |
| 2nd Low | 1.50286 |
| 3rd Low | 1.50152 |