EUR/CAD – 1H – SELL
The currency pair jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 1.49650 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.50247 should always be considered.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.51240 |
2nd High | 1.50555 |
Next High | 1.50247 |
Current Price | 1.49697 |
Next Low | 1.49650 |
2nd Low | 1.49559 |
3rd Low | 1.49431 |