EUR/CAD – 30M – BUYThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.48986 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.49907 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.4966 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.49907 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51400 |
| 2nd High | 1.49996 |
| Next High | 1.49907 |
| Current Price | 1.49716 |
| Next Low | 1.48986 |
| 2nd Low | 1.48325 |
| 3rd Low | 1.47883 |