EUR/CAD – 30M – SELLThe combination jumps from the bullish trendline downwards
A bearish movement down to the next support at 1.50325 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.50587 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.50361 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 1.50587 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50809 |
| Next High | 1.50587 |
| Current Price | 1.50458 |
| Next Low | 1.50325 |
| 2nd Low | 1.50152 |
| 3rd Low | 1.49968 |