EUR/CAD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.48003 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 1.48896 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48896 |
| Current Price | 1.48403 |
| Next Low | 1.48175 |
| 2nd Low | 1.47724 |
| 3rd Low | 1.47110 |