EUR/CAD – 30M – SELLThe currency pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.50481 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.51619 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51619 |
| Current Price | 1.50450 |
| Next Low | 1.50481 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |