EUR/CAD – 1H – BUYThe combination moves from the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 1.50247 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.49357 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51240 |
| 2nd High | 1.50555 |
| Next High | 1.50247 |
| Current Price | 1.50283 |
| Next Low | 1.49357 |
| 2nd Low | 1.49162 |
| 3rd Low | 1.48881 |