EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.
A descent down to the next support level at 1.55861 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.56413 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57071 |
| 2nd High | 1.56811 |
| Next High | 1.56413 |
| Current Price | 1.56284 |
| Next Low | 1.55861 |
| 2nd Low | 1.55730 |
| 3rd Low | 1.55350 |
1.56413 – 1.56811 – 1.56402 – 1.55861 – 1.55730 – 1.55877
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Matching Low