EUR/CAD – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 1.49841 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.49009 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50221 |
| Next High | 1.49841 |
| Current Price | 1.49570 |
| Next Low | 1.49009 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |