EUR/CAD – 1H – BUY

Then a ‘Double bottom chart pattern’ chart layout is existing. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to go up.

The pair Euro/Canadian Dollar (EUR/CAD) moves from the bullish trendline up.

A continuation of the upward movement up to the next resistance level at 1.6168 is considered certain.

Caution: A possible trend reversal in the direction of the support level at could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

1.6168 – 1.61823 – 1.61874 – 1.61319 – 1.61066 – 1.61126 —
1.61524 – 1.61573 —
52.649672164728 – 58.369191721065 —
– —
1.61680 – 1768788000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –