EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards
A descent downwards to the next support level at 1.56944 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.58520 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.59319 |
| Next High | 1.58520 |
| Current Price | 1.59296 |
| Next Low | 1.56944 |
| 2nd Low | 1.56714 |
| 3rd Low | 1.54067 |
1.58012 – 1.58520 – 1.58162 – 1.56944 – 1.56714 – 1.56923