EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance level at 1.57467 is considered certain.
Caution: A possible change in the direction of the support level at 1.56202 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57937 |
| 2nd High | 1.57689 |
| Next High | 1.57467 |
| Current Price | 1.56949 |
| Next Low | 1.56202 |
| 2nd Low | 1.56118 |
| 3rd Low | 1.55998 |
1.57467 – 1.57128 – 1.57078 – 1.56202 – 1.56676 – 1.56663 —
1.56891 – 1.56766 —
42.184317780923 – 42.3604903667 —
– —
1.57467 – 1773417600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –