EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 1.56615 is expected.
Caution: A possible counter-trend in the direction of the support line at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57071 |
| 2nd High | 1.56811 |
| Next High | 1.56615 |
| Current Price | 1.56397 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.56615 – 1.56413 – 1.56811 – 1.55861 – 1.55730 – 1.55877
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji