EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline downwards
A bearish descent down to the next support at 1.61479 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.62103 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62714 |
| 2nd High | 1.62146 |
| Next High | 1.62103 |
| Current Price | 1.61476 |
| Next Low | 1.61479 |
| 2nd Low | 1.61185 |
| 3rd Low | 1.61046 |
1.62103 – 1.61666 – 1.61535 – 1.61479 – 1.61185 – 1.61046 —
1.61691 – 1.61549 —
33.444678533929 – 33.517988560749 —
– —
1.62103 – 1767873600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –