EUR/CAD – 1H – SELLThe pair jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 1.51023 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.51576 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51576 |
| Current Price | 1.51106 |
| Next Low | 1.51023 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.49357 |