EUR/CAD – 30M – BUYThe currency pair breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 1.49518 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.48999 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 1.501205 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.49518 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49518 |
| Current Price | 1.49497 |
| Next Low | 1.48999 |
| 2nd Low | 1.48735 |
| 3rd Low | 1.48346 |