EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 1.61113 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.61556 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62013 |
| 2nd High | 1.61567 |
| Next High | 1.61556 |
| Current Price | 1.61468 |
| Next Low | 1.61113 |
| 2nd Low | 1.61077 |
| 3rd Low | 1.61055 |
1.61556 – 1.61549 – 1.61396 – 1.61113 – 1.61167 – 1.6118 —
1.61427 – 1.61532 —
55.190235612916 – 62.534852622682 —
– —
1.61556 – 1770289200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –