EUR/CAD – 30M – BUYThe combination breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 1.51324 will continue.
Caution: A possible counter-trend in the direction of the support line at 1.51051 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.51299 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.51324 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51576 |
| Next High | 1.51324 |
| Current Price | 1.51208 |
| Next Low | 1.51051 |
| 2nd Low | 1.51022 |
| 3rd Low | 1.50410 |