EUR/CAD – 1H – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.49009 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.50062 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.49467076 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 1.50062 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50221 |
| Next High | 1.50062 |
| Current Price | 1.49860 |
| Next Low | 1.49009 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |