EUR/CAD – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.51051 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.51587 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51587 |
| Current Price | 1.51047 |
| Next Low | 1.51051 |
| 2nd Low | 1.51022 |
| 3rd Low | 1.50410 |