EUR/CAD – 30M – BUYThe combination breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 1.50577 is considered certain.
Caution: A possible trend reversal in the direction of support at 1.50023 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.50821 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.50577 is also possible.
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 | 1.50577 |
| Current Price | 1.50505 |
| Next Low | 1.50023 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |