EUR/CAD – 30M – BUYThe pair breaks through the descending trendline up.
An ascending movement up to the next resistance level at 1.50680 is likely expected.
Caution: A possible change in the direction of support at 1.49899 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 1.5068 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 1.50680 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50680 |
| Current Price | 1.50563 |
| Next Low | 1.49899 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |