The combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 1.60129 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.61155 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62035 |
| 2nd High | 1.61434 |
| Next High | 1.61155 |
| Current Price | 1.61049 |
| Next Low | 1.60129 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60922 – 1.60819 – 1.60526 – 1.60129 – 1.60287 – 1.60262 — 54.516383585898 – 49.297075644482 — 44.727891156463 – 16.977480647431 – 55.736735815825 – 40.03389773219
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows – – –