EUR/CAD – 4H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 1.57071 will persist.
Caution: A possible reversal of the trend in the direction of support at 1.55730 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57598 |
| 2nd High | 1.57216 |
| Next High | 1.57071 |
| Current Price | 1.58040 |
| Next Low | 1.55730 |
| 2nd Low | 1.55350 |
| 3rd Low | 1.54829 |
1.56811 – 1.57071 – 1.57216 – 1.55730 – 1.55350 – 1.55775
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji