EUR/CAD – 1H – BUYThe combination breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 1.49396 is expected.
Caution: A possible counter-trend in the direction of support at 1.48881 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49396 |
| Current Price | 1.49074 |
| Next Low | 1.48881 |
| 2nd Low | 1.48843 |
| 3rd Low | 1.47999 |