EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 1.58565 is certain.
Caution: A possible counter-trend in the direction of the support zone at 1.54067 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.58565 |
| Current Price | 1.57907 |
| Next Low | 1.54067 |
| 2nd Low | 1.53824 |
| 3rd Low | 1.53262 |
1.57450 – 1.55678 – 1.57305 – 1.54067 – 1.54295 – 1.54972