EUR/CAD – 1H – BUYThe pair breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 1.50792 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1.50286 should be noted.
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 will continue. Current target is 1.50809 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.50792 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50809 |
| Next High | 1.50792 |
| Current Price | 1.50688 |
| Next Low | 1.50286 |
| 2nd Low | 1.50152 |
| 3rd Low | 1.49741 |