EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline down.
A bearish descent down to the next support line at is considered certain.
Caution: A possible change in the direction of the resistance line at 1.48896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.46102 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 1.48896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48896 |
| Current Price | 1.45658 |
| Next Low | |
| 2nd Low | |
| 3rd Low |