EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards

A continuation of the downward movement down to the next support line at 1.61603 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 1.6236 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.619815 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 1.6236 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.62284 – 1.62291 – 1.6236 – 1.61603 – 1.61643 – 1.61993 —
1.62078 – 1.62336 —
57.565436332791 – 68.614530619086 —
– —
1.62284 – 1782853200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – – – – – – – –