EUR/CAD – 1H – SELL

The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards

A descent down to the next support at 1.61113 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.61556 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

1.61556 – 1.61549 – 1.61567 – 1.61113 – 1.61167 – 1.61055 —
1.61427 – 1.61562 —
54.010161046235 – 60.778032141388 —
– —
1.61556 – 1770289200

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