EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.55861 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.56615 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57071 |
| 2nd High | 1.56811 |
| Next High | 1.56615 |
| Current Price | 1.56284 |
| Next Low | 1.55861 |
| 2nd Low | 1.55730 |
| 3rd Low | 1.55350 |
1.56615 – 1.56413 – 1.56369 – 1.55861 – 1.55730 – 1.55877
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji