The pair Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline downwards
The bearish trend down to the next support at 1.60647 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.61813 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.61813 |
| Current Price | 1.60915 |
| Next Low | 1.60647 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.61813 – 1.61118 – 1.61230 – 1.60647 – 1.59283 – 1.60168 — 39.955455254968 – 34.376186206152 — 31.698660874507 – 28.664614302158 – 27.029170317517 – 27.509496166772
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – –