EUR/CAD – 30M – SELLThe pair moves from the ascending trendline downwards
A descent downwards to the next support line at 1.49431 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 1.50062 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.49615 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.50062 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50221 |
| Next High | 1.50062 |
| Current Price | 1.49873 |
| Next Low | 1.49431 |
| 2nd Low | 1.49009 |
| 3rd Low | 1.48873 |