EUR/CAD – 1H – SELLThe pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.55931 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.56752 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57598 |
| 2nd High | 1.57043 |
| Next High | 1.56752 |
| Current Price | 1.56103 |
| Next Low | 1.55931 |
| 2nd Low | 1.55775 |
| 3rd Low | 1.55656 |
1.56752 – 1.56580 – 1.56455 – 1.55931 – 1.55961 – 1.55775
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Outside Down