EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.58123 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.58798 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60421 |
| 2nd High | 1.59276 |
| Next High | 1.58798 |
| Current Price | 1.58575 |
| Next Low | 1.58123 |
| 2nd Low | 1.57931 |
| 3rd Low | 1.57512 |
1.58798 – 1.59276 – 1.60421 – 1.58123 – 1.58436 – 1.58357 —
1.58707 – 1.58709 —
51.515779637723 – 54.458458168331 —
– —
1.58798 – 1772737200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –