Sell EUR/CAD – 1H – SELL

The pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.

A bearish descent downwards to the next support at 1.47492 will persist.

Caution: A possible change in the direction of resistance at 1.48587 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High 1.49263
2nd High 1.48896
Next High 1.48587
Current Price 1.47967
Next Low 1.47492
2nd Low 1.47177
3rd Low 1.44868

Download EUR/CAD Signal Image

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