EUR/CAD – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 1.48995 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.49354 should be noted.
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 | 1.49154 |
| Next Low | 1.48995 |
| 2nd Low | 1.48908 |
| 3rd Low | 1.48873 |