EUR/CAD – 4H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at will continue.
Caution: A possible counter-trend in the direction of resistance at 1.56811 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57216 |
| 2nd High | 1.57071 |
| Next High | 1.56811 |
| Current Price | 1.56243 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.56811 – 1.57071 – 1.57216 – 1.55730 – 1.55350 – 1.55775
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Last Engulfing Top