EUR/CAD – 30M – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 1.50589 is expected.
Caution: A possible change in the direction of support at 1.49968 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.50388872 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.50589 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.50589 |
| Current Price | 1.50249 |
| Next Low | 1.49968 |
| 2nd Low | 1.49913 |
| 3rd Low | 1.49741 |