The combination Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline downwards
The bearish trend down to the next support at 1.62465 is considered certain.
Caution: A possible change in the direction of the resistance level at 1.6334 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6403 |
| 2nd High | 1.63378 |
| Next High | 1.6334 |
| Current Price | 1.62906 |
| Next Low | 1.62465 |
| 2nd Low | 1.62094 |
| 3rd Low | 1.6175 |
1.6334 – 1.62906 – 1.62804 – 1.62465 – 1.62094 – 1.6175 —
1.63096 – 1.63129 —
59.637109641821 – 60.278828079906 —
– —
1.63340 – 1764086400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double top retreat up – – – – – – – –