EUR/CAD – 1H – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.48908 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.49354 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50072 |
| 2nd High | 1.49850 |
| Next High | 1.49354 |
| Current Price | 1.49141 |
| Next Low | 1.48908 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |