EUR/CAD – 1H – SELLThe currency pair jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 1.49650 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.50247 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51240 |
| 2nd High | 1.50555 |
| Next High | 1.50247 |
| Current Price | 1.49697 |
| Next Low | 1.49650 |
| 2nd Low | 1.49559 |
| 3rd Low | 1.49431 |