EUR/CAD – 30M – SELLThe combination goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.50021 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.50664 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.50680 |
| Next High | 1.50664 |
| Current Price | 1.50597 |
| Next Low | 1.50021 |
| 2nd Low | 1.49899 |
| 3rd Low | 1.49357 |