EUR/CAD – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.49526 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.50072 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50221 |
| Next High | 1.50072 |
| Current Price | 1.49622 |
| Next Low | 1.49526 |
| 2nd Low | 1.49431 |
| 3rd Low | 1.49009 |