EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 1.55861 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.56413 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.56811 |
| 2nd High | 1.56553 |
| Next High | 1.56413 |
| Current Price | 1.56248 |
| Next Low | 1.55861 |
| 2nd Low | 1.55730 |
| 3rd Low | 1.55350 |
1.56413 – 1.56369 – 1.56553 – 1.55861 – 1.55730 – 1.55877
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three Black Crows