EUR/CAD – 1H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards

A bullish ascent upwards to the next resistance level at 1.6168 is likely expected.

Caution: A possible change in the direction of the support level at 1.61066 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The pair is likely to go up.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

1.6168 – 1.61823 – 1.61874 – 1.61066 – 1.61126 – 1.61408 —
1.61505 – 1.61504 —
52.52922909532 – 51.75124073994 —
– —
1.61680 – 1768788000

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –