EUR/CAD – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.49426 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.49675 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49675 |
| Current Price | 1.49483 |
| Next Low | 1.49426 |
| 2nd Low | 1.48999 |
| 3rd Low | 1.48735 |