EUR/CAD – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 1.50221 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.49280 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50221 |
| Current Price | 1.49598 |
| Next Low | 1.49280 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |