EUR/CAD – 30M – BUYThe pair breaks through the descending trendline upwards
A bullish movement up to the next resistance at 1.49354 is likely expected.
Caution: A possible change in the direction of support at 1.48995 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.49130312 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.49354 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50072 |
| 2nd High | 1.49850 |
| Next High | 1.49354 |
| Current Price | 1.49208 |
| Next Low | 1.48995 |
| 2nd Low | 1.48908 |
| 3rd Low | 1.48873 |