EUR/CAD – 30M – BUYThe pair breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.50251 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.49713 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50436 |
| Next High | 1.50251 |
| Current Price | 1.50420 |
| Next Low | 1.49713 |
| 2nd Low | 1.48862 |
| 3rd Low | 1.48603 |