EUR/CAD – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is existing. The chart picture forms ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the bullish trendline down.

A bearish descent downwards to the next support at 1.62094 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 1.62804 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

1.62804 – 1.62691 – 1.62334 – 1.62094 – 1.6175 – 1.61791 —
1.62380 – 1.62904 —
53.447377028443 – 71.764513396971 —
– —
1.62804 – 1763719200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –