EUR/CAD – 1H – BUYThe pair moves from the ascending trendline downwards
A bearish movement downwards to the next support at 1.51022 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.51576 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.51576 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.51576 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51576 |
| Current Price | 1.51242 |
| Next Low | 1.51022 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.49357 |