EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
A bullish movement up to the next resistance level at 1.57216 is expected.
Caution: A possible change in the direction of the support zone at 1.55350 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.58093 |
| 2nd High | 1.57598 |
| Next High | 1.57216 |
| Current Price | 1.56549 |
| Next Low | 1.55350 |
| 2nd Low | 1.54829 |
| 3rd Low | 1.54067 |
1.57216 – 1.56711 – 1.56752 – 1.55350 – 1.55931 – 1.55961
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing