The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 1.60235 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.59916 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.60872 |
| 2nd High | 1.60498 |
| Next High | 1.60235 |
| Current Price | 1.60140 |
| Next Low | 1.59916 |
| 2nd Low | 1.59654 |
| 3rd Low | 1.59351 |
1.60235 – 1.60498 – 1.60872 – 1.59916 – 1.59654 – 1.59925 —
1.60103 – 1.60122 —
56.229356641314 – 54.166307700705 —
– —
1.60235 – 1776972600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –