EUR/CAD – 1H – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.50035 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.51619 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.50035 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.51619 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51619 |
| Current Price | 1.50319 |
| Next Low | 1.50035 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |