EUR/CAD – 1H – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 1.61434 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 1.60262 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.62247 |
| Next High | 1.61434 |
| Current Price | 1.61122 |
| Next Low | 1.60262 |
| 2nd Low | 1.59283 |
| 3rd Low | 1.59114 |
1.60819 – 1.61434 – 1.62247 – 1.60262 – 1.60272 – 1.60854 — 55.852418353235 – 59.28317347306 — 58.935762857331 – 48.946986201888 – 73.507405206752 – 60.263858629872
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Rising Wedge Chart Pattern – –