EUR/CAD – 1H – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance at 1.61308 is expected.

Caution: A possible trend reversal in the direction of support at 1.60627 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

1.61308 – 1.61294 – 1.61242 – 1.60627 – 1.60717 – 1.60602 —
1.60931 – 1.61336 —
42.153352348671 – 63.797821573248 —
– —
1.61308 – 1767376800

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –