EUR/CAD – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.49741 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.50709 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.50709 |
| Current Price | 1.50450 |
| Next Low | 1.49741 |
| 2nd Low | 1.49648 |
| 3rd Low | 1.48873 |