EUR/CAD – 30M – SELLThe pair goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.49648 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.50221 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.49845 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.50221 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50221 |
| Current Price | 1.49727 |
| Next Low | 1.49648 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |