EUR/CAD – 1H – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 1.58123 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.58798 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

1.58798 – 1.59276 – 1.60421 – 1.58123 – 1.58436 – 1.58357 —
1.58712 – 1.58602 —
53.546353951327 – 50.035566195089 —
– —
1.58798 – 1772737200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –