EUR/CAD – 1H – BUYThe currency pair moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.50555 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.49357 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.50555 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 1.50555 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51298 |
| 2nd High | 1.51240 |
| Next High | 1.50555 |
| Current Price | 1.50369 |
| Next Low | 1.49357 |
| 2nd Low | 1.49162 |
| 3rd Low | 1.48881 |