EUR/CAD – 30M – BUYThe combination breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 1.50792 is certain.
Caution: A possible trend reversal in the direction of the support line at 1.50310 should always be considered.
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 | 1.50792 |
| Current Price | 1.50605 |
| Next Low | 1.50310 |
| 2nd Low | 1.50286 |
| 3rd Low | 1.50152 |