Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.618335 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.61853 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61981 |
| 2nd High | 1.61874 |
| Next High | 1.61853 |
| Current Price | 1.61626 |
| Next Low | 1.61408 |
| 2nd Low | 1.61185 |
| 3rd Low | 1.61046 |
1.61853 – 1.61874 – 1.61981 – 1.61408 – 1.61644 – 1.61599 —
1.61651 – 1.61683 —
49.783342391921 – 49.813641339337 —
– —
1.61853 – 1768413600
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –