EUR/CAD – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.49781 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.50233 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50233 |
| Current Price | 1.49972 |
| Next Low | 1.49781 |
| 2nd Low | 1.48862 |
| 3rd Low | 1.48603 |