Buy EUR/CAD – 4H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.56665 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.57983 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Support & Resistance Price Range*
3rd High
2nd High 1.59602
Next High 1.57983
Current Price 1.58007
Next Low 1.56665
2nd Low 1.54067
3rd Low 1.53824

1.57983 – 1.59602 – 1.58520 – 1.56665 – 1.56944 – 1.56714

Download EUR/CAD Signal Image

Trading Signals:

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