EUR/CAD – 4H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance line at 1.58434 will persist.
Caution: A possible reversal of the trend in the direction of the support line at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.59602 |
| Next High | 1.58434 |
| Current Price | 1.56801 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.58434 – 1.56811 – 1.57071 – 1.55730 – 1.55350 – 1.55775
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Bullish Engulfing