EUR/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.49296 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.50179 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50590 |
| 2nd High | 1.50308 |
| Next High | 1.50179 |
| Current Price | 1.49493 |
| Next Low | 1.49296 |
| 2nd Low | 1.49205 |
| 3rd Low | 1.48758 |