EUR/CAD – 4H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 1.56919 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.55979 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.59602 |
| 2nd High | 1.58180 |
| Next High | 1.56919 |
| Current Price | 1.56579 |
| Next Low | 1.55979 |
| 2nd Low | 1.55756 |
| 3rd Low | 1.54067 |
1.56919 – 1.58180 – 1.57983 – 1.55979 – 1.55756 – 1.56665