EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 1.56666 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.56088 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57071 |
| 2nd High | 1.56811 |
| Next High | 1.56666 |
| Current Price | 1.56730 |
| Next Low | 1.56088 |
| 2nd Low | 1.55861 |
| 3rd Low | 1.55730 |
1.56666 – 1.56615 – 1.56413 – 1.56088 – 1.55861 – 1.55730
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji