EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.61423 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.63936 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.6403 |
| Next High | 1.63936 |
| Current Price | 1.61292 |
| Next Low | 1.61423 |
| 2nd Low | 1.61319 |
| 3rd Low | 1.61066 |
1.63936 – 1.62918 – 1.62068 – 1.61776 – 1.62597 – 1.62036 —
1.61936 – 1.61600 —
36.47664523689 – 32.416289420372 —
– —
1.63936 – 1769551200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Head and Shoulder chart pattern – – – – – – – –