EUR/CAD – 30M – SELLThe combination goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.50969 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.51317 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 is considered certain. Target of the current trend is 1.50969 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.51317 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51696 |
| Next High | 1.51317 |
| Current Price | 1.51100 |
| Next Low | 1.50969 |
| 2nd Low | 1.49713 |
| 3rd Low | 1.48862 |