EUR/CAD – 30M – BUYThe currency pair moves from the ascending trendline down.
A descent downwards to the next support line at 1.50035 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.50577 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.50408824 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.50577 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50577 |
| Current Price | 1.50088 |
| Next Low | 1.50035 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |