EUR/CAD – 30M – SELLThe combination jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.50152 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.50577 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50577 |
| Current Price | 1.50263 |
| Next Low | 1.50152 |
| 2nd Low | 1.50035 |
| 3rd Low | 1.49357 |