The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.
A descending movement down to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.56666 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57071 |
| 2nd High | 1.56811 |
| Next High | 1.56666 |
| Current Price | 1.56041 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.56666 – 1.56615 – 1.56413 – 1.56088 – 1.55861 – 1.55730
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down