EUR/CAD – 1H – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.55861 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.56413 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57071 |
| 2nd High | 1.56811 |
| Next High | 1.56413 |
| Current Price | 1.56248 |
| Next Low | 1.55861 |
| 2nd Low | 1.55730 |
| 3rd Low | 1.55350 |
1.56413 – 1.56811 – 1.56402 – 1.55861 – 1.55730 – 1.55877