EUR/CAD – 1H – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.50436 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.49861 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50436 |
| Current Price | 1.50528 |
| Next Low | 1.49861 |
| 2nd Low | 1.49781 |
| 3rd Low | 1.48862 |