EUR/CAD – 30M – SELLThe pair goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1.50325 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.50587 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50809 |
| Next High | 1.50587 |
| Current Price | 1.50488 |
| Next Low | 1.50325 |
| 2nd Low | 1.50152 |
| 3rd Low | 1.49968 |