EUR/CAD – 30M – SELLThe pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.50152 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.50449 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.50035 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.50449 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50449 |
| Current Price | 1.50286 |
| Next Low | 1.50152 |
| 2nd Low | 1.50035 |
| 3rd Low | 1.49357 |