EUR/CAD – 30M – BUYThe pair breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 1.50950 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.49781 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 1.50038 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.50950 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.50950 |
| Current Price | 1.50232 |
| Next Low | 1.49781 |
| 2nd Low | 1.48862 |
| 3rd Low | 1.48603 |