EUR/CAD – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.48873 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.49999 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49999 |
| Current Price | 1.49821 |
| Next Low | 1.48873 |
| 2nd Low | 1.48603 |
| 3rd Low | 1.47999 |