EUR/CAD – 4H – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 1.58180 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.55730 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.59602 |
| Next High | 1.58180 |
| Current Price | 1.57653 |
| 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