EUR/CAD – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 1.49329 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.50221 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50221 |
| Current Price | 1.49311 |
| Next Low | 1.49329 |
| 2nd Low | 1.49280 |
| 3rd Low | 1.48873 |