EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 1.56088 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.56615 could happen.
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 | 1.56615 |
| Current Price | 1.56299 |
| Next Low | 1.56088 |
| 2nd Low | 1.55861 |
| 3rd Low | 1.55730 |
1.56615 – 1.56413 – 1.56369 – 1.56088 – 1.55861 – 1.55730
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down