EUR/CAD – 30M – BUYThe pair goes from the bullish trendline down.
A bearish movement downwards to the next support level at 1.48873 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 1.49675 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.49675 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.49675 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49675 |
| Current Price | 1.49547 |
| Next Low | 1.48873 |
| 2nd Low | 1.48603 |
| 3rd Low | 1.48346 |