EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.57324 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57886 |
| 2nd High | 1.57497 |
| Next High | 1.57324 |
| Current Price | 1.56821 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.57324 – 1.57278 – 1.57077 – 1.56746 – 1.56620 – 1.56695