The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
An ascent upwards to the next resistance line at 1.61567 is expected.
Caution: A possible change in the direction of the support level at 1.61055 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62214 |
| 2nd High | 1.62013 |
| Next High | 1.61567 |
| Current Price | 1.61253 |
| Next Low | 1.61055 |
| 2nd Low | 1.60742 |
| 3rd Low | 1.60627 |
1.61567 – 1.61458 – 1.62013 – 1.61055 – 1.61139 – 1.6111 —
1.61216 – 1.61260 —
39.729097263388 – 46.367750384087 —
– —
1.61567 – 1770116400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –