EUR/CAD – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 1.48995 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.49354 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50072 |
| 2nd High | 1.49850 |
| Next High | 1.49354 |
| Current Price | 1.49118 |
| Next Low | 1.48995 |
| 2nd Low | 1.48908 |
| 3rd Low | 1.48873 |