EUR/CAD – 1H – SELLThe combination goes from the ascending trendline down.
A descending movement downwards to the next support at 1.51022 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.51576 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51576 |
| Current Price | 1.51116 |
| Next Low | 1.51022 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.49357 |