EUR/CAD – 1H – SELLThe combination moves from the bullish trendline downwards
A bearish descent downwards to the next support line at 1.48873 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.50221 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.4928 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 1.50221 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50221 |
| Current Price | 1.49225 |
| Next Low | 1.48873 |
| 2nd Low | 1.48603 |
| 3rd Low |