EUR/CAD – 30M – SELLThe pair moves from the bullish trendline downwards
A bearish movement down to the next support at 1.49329 will persist.
Caution: A possible trend reversal in the direction of the resistance line 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 will persist. Target of the current trend is 1.4928 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level 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 | 1.49643 |
| Next Low | 1.49329 |
| 2nd Low | 1.49280 |
| 3rd Low | 1.48873 |