EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.49387 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.49592 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.49387 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.49592 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50179 |
| 2nd High | 1.50115 |
| Next High | 1.49592 |
| Current Price | 1.49433 |
| Next Low | 1.49387 |
| 2nd Low | 1.49242 |
| 3rd Low | 1.49102 |