EUR/CAD – 30M – SELLThe pair moves from the bullish trendline down.
A descent downwards to the next support level at 1.51051 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.51324 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 1.51299 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.51324 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51576 |
| Next High | 1.51324 |
| Current Price | 1.51252 |
| Next Low | 1.51051 |
| 2nd Low | 1.51022 |
| 3rd Low | 1.50410 |