EUR/CAD – 30M – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 1.51317 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.51099 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.51696 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.51317 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51696 |
| Next High | 1.51317 |
| Current Price | 1.51272 |
| Next Low | 1.51099 |
| 2nd Low | 1.50991 |
| 3rd Low | 1.49713 |