EUR/CAD – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.49431 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.50062 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50221 |
| Next High | 1.50062 |
| Current Price | 1.49994 |
| Next Low | 1.49431 |
| 2nd Low | 1.49009 |
| 3rd Low | 1.48873 |