EUR/CAD – 30M – BUYThe currency pair goes from the bullish trendline down.
A bearish descent downwards to the next support level at 1.49861 is likely expected.
Caution: A possible change in the direction of the resistance level at 1.50950 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.50233 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.50950 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.50950 |
| Current Price | 1.50281 |
| Next Low | 1.49861 |
| 2nd Low | 1.49781 |
| 3rd Low | 1.48862 |