EUR/CAD – 1H – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.61355 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.60627 could happen.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61791 |
| 2nd High | 1.61783 |
| Next High | 1.61355 |
| Current Price | 1.61346 |
| Next Low | 1.60627 |
| 2nd Low | 1.60602 |
| 3rd Low | 1.60262 |
1.61308 – 1.61294 – 1.61242 – 1.60627 – 1.60717 – 1.60602 —
1.61139 – 1.61400 —
47.99310160248 – 62.830492175862 —
– —
1.61308 – 1767376800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –