EUR/CAD – 1H – BUYThe currency pair breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance at 1.50680 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.49918 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50680 |
| Current Price | 1.50193 |
| Next Low | 1.49918 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |