EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 1.60913 is likely expected.
Caution: A possible change in the direction of the support level at 1.60146 should always be considered.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.60913 |
| Current Price | 1.60783 |
| Next Low | 1.60146 |
| 2nd Low | 1.59976 |
| 3rd Low | 1.59422 |
1.60631 – 1.60539 – 1.60913 – 1.60146 – 1.59976 – 1.60104
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top retreat up