EUR/CAD – 30M – BUYThe combination breaks through the descending trendline upwards
An ascending movement upwards to the next resistance line at 1.50577 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 1.50023 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50577 |
| Current Price | 1.50327 |
| Next Low | 1.50023 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |