EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.49925 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.49301 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51400 |
| 2nd High | 1.49996 |
| Next High | 1.49925 |
| Current Price | 1.49840 |
| Next Low | 1.49301 |
| 2nd Low | 1.49205 |
| 3rd Low | 1.48758 |