EUR/CAD – 30M – BUYThe currency pair moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.50286 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.50568 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 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.50610524 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.50568 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50809 |
| 2nd High | 1.50792 |
| Next High | 1.50568 |
| Current Price | 1.50496 |
| Next Low | 1.50286 |
| 2nd Low | 1.50152 |
| 3rd Low | 1.49968 |