EUR/CAD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.49850 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.50062 should always be considered.
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 | 1.50062 |
| Current Price | 1.49917 |
| Next Low | 1.49850 |
| 2nd Low | 1.49431 |
| 3rd Low | 1.49009 |