EUR/CAD – 30M – SELLThe currency pair Euro/Canadian Dollar (EUR/CAD) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 1.47870 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.48234 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.47783 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.48234 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49263 |
| 2nd High | 1.48440 |
| Next High | 1.48234 |
| Current Price | 1.47871 |
| Next Low | 1.47870 |
| 2nd Low | 1.47783 |
| 3rd Low |