EUR/CAD – 1H – BUYThe combination jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 1.50940 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.51587 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.51587 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.51587 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51587 |
| Current Price | 1.51372 |
| Next Low | 1.50940 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.49357 |