EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.
The bearish trend downwards to the next support at 1.55979 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 1.56919 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57532 |
| 2nd High | 1.57524 |
| Next High | 1.56919 |
| Current Price | 1.56609 |
| Next Low | 1.55979 |
| 2nd Low | 1.55900 |
| 3rd Low | 1.55757 |
1.56709 – 1.56677 – 1.56726 – 1.55979 – 1.56050 – 1.56091