EUR/CAD – 1H – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 1.47783 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.48440 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48440 |
| Current Price | 1.47988 |
| Next Low | 1.47783 |
| 2nd Low | |
| 3rd Low |