EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 1.55931 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.56541 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57043 |
| 2nd High | 1.56580 |
| Next High | 1.56541 |
| Current Price | 1.56431 |
| Next Low | 1.55931 |
| 2nd Low | 1.55775 |
| 3rd Low | 1.55656 |
1.56541 – 1.56580 – 1.56455 – 1.55931 – 1.56010 – 1.55961