EUR/CAD – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 1.48908 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.49354 could be enabled.
Consider stop-loss settings accordingly.
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 1.48908 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.49354 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50072 |
| 2nd High | 1.49850 |
| Next High | 1.49354 |
| Current Price | 1.49089 |
| Next Low | 1.48908 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |