The pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.59386 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.60311 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61186 |
| 2nd High | 1.60382 |
| Next High | 1.60311 |
| Current Price | 1.59686 |
| Next Low | 1.59386 |
| 2nd Low | 1.59351 |
| 3rd Low | 1.5902 |
1.60311 – 1.60271 – 1.60382 – 1.59386 – 1.59889 – 1.59929 —
1.60011 – 1.59738 —
39.144684658791 – 38.108957679095 —
– —
1.60311 – 1777410000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –