EUR/CAD – 1H – BUYThe pair jumps from the descending trendline up.
A bullish trend up to the next resistance level at 1.51587 will continue.
Caution: A possible change in the direction of the support zone at 1.51022 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.51587 at the Fibonacci level 0-Level. Caution: A possible change in the direction of resistance at 1.51587 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51587 |
| Current Price | 1.51102 |
| Next Low | 1.51022 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.49357 |