EUR/CAD – 1H – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards
A bearish movement down to the next support level at 1.61016 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.62013 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6403 |
| 2nd High | 1.63936 |
| Next High | 1.62013 |
| Current Price | 1.61657 |
| Next Low | 1.61016 |
| 2nd Low | 1.60742 |
| 3rd Low | 1.60627 |
1.61615 – 1.61556 – 1.61549 – 1.61016 – 1.61113 – 1.61167 —
1.61761 – 1.61949 —
66.800718617264 – 67.765743161399 —
– —
1.61615 – 1770361200
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –