EUR/CAD – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.48873 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.50221 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.4928 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.50221 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50221 |
| Current Price | 1.49041 |
| Next Low | 1.48873 |
| 2nd Low | 1.48603 |
| 3rd Low |