The combination Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 1.6275 is likely expected.
Caution: A possible counter-trend in the direction of support at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.6275 |
| Current Price | 1.62688 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.6275 – 1.62503 – 1.62681 – 1.62157 – 1.62049 – 1.6198 — 37.6766321214 – 38.3402400013 — 0 – 0.73180139968039 – 0.89034702545663 – 0.24393379989346
Trading Signals: FOREX – EUR – EUR/CAD – CAD – Northern Doji – – –