EUR/CAD – 30M – SELLThe combination goes from the bullish trendline down.
A bearish trend down to the next support level at 1.51022 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.51576 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.50993 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.51576 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51576 |
| Current Price | 1.51216 |
| Next Low | 1.51022 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |