EUR/CAD – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 1.49147 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.49996 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51696 |
| 2nd High | 1.51400 |
| Next High | 1.49996 |
| Current Price | 1.49704 |
| Next Low | 1.49147 |
| 2nd Low | 1.48611 |
| 3rd Low | 1.48603 |