EUR/CAD – 30M – SELLThe pair jumps from the ascending trendline down.
A descending movement downwards to the next support at 1.48603 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.49675 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.48855992 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.49675 is within the realm of possibility.
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 | 1.49675 |
| Current Price | 1.48994 |
| Next Low | 1.48603 |
| 2nd Low | 1.48346 |
| 3rd Low | 1.47999 |