EUR/CAD – 30M – SELL

The currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline down.

A bearish movement downwards to the next support level at 1.62522 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 1.62941 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.62522 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.62941 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.62941 – 1.63176 – 1.63154 – 1.62692 – 1.628 – 1.62972 —
1.62788 – 1.62688 —
40.600593531757 – 40.818324619325 —
– —
1.62941 – 1764214200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –