EUR/CAD – 30M – BUYThe pair goes from the bearish trendline up.
An ascent upwards to the next resistance at 1.49878 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.49692 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.49999 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.49878 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50709 |
| 2nd High | 1.49999 |
| Next High | 1.49878 |
| Current Price | 1.49808 |
| Next Low | 1.49692 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |