EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.47911 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.48443 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.47911 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.48443 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49251 |
| 2nd High | 1.48597 |
| Next High | 1.48443 |
| Current Price | 1.48219 |
| Next Low | 1.47911 |
| 2nd Low | 1.47687 |
| 3rd Low | 1.47595 |