EUR/CAD – 4H – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 1.61423 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.62623 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.6334 |
| 2nd High | 1.63174 |
| Next High | 1.62623 |
| Current Price | 1.63153 |
| Next Low | 1.61423 |
| 2nd Low | 1.61066 |
| 3rd Low | 1.60602 |
1.62623 – 1.62259 – 1.62103 – 1.61423 – 1.61066 – 1.61434 —
1.62928 – 1.63936 —
72.485728525597 – 76.347783963817 —
– —
1.62623 – 1768910400
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –