The pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline downwards
A bearish movement down to the next support line at 1.60796 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.61733 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.61813 |
| Next High | 1.61733 |
| Current Price | 1.61354 |
| Next Low | 1.60796 |
| 2nd Low | 1.60647 |
| 3rd Low | 1.60135 |
1.61733 – 1.61361 – 1.61813 – 1.60796 – 1.60884 – 1.60647 — 49.138190676587 – 46.105897869905 — 47.093291771367 – 39.492915734526 – 39.736784814332 – 41.578464115695
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – Double top retreat up – –