EUR/CAD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.4967412 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.50221 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50221 |
| Current Price | 1.49435 |
| Next Low | 1.49280 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |