EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline down.
The bearish trend down to the next support level at 1.50005 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.50590 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51696 |
| 2nd High | 1.51400 |
| Next High | 1.50590 |
| Current Price | 1.49913 |
| Next Low | 1.50005 |
| 2nd Low | 1.49646 |
| 3rd Low | 1.49301 |