EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.58343 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.56793812 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 1.58343 should always be considered.
Consider stop-loss settings accordingly.

1.58343 – 1.58105 – 1.58798 – 1.5751 – 1.56118 – 1.58123 —
1.57711 – 1.57834 —
48.596475093115 – 52.235615895785 —
– —
1.58343 – 1773172800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –