EUR/CAD – 1H – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 1.49009 will persist.
Caution: A possible change in the direction of resistance at 1.49850 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.49009 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 1.49850 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50221 |
| 2nd High | 1.50072 |
| Next High | 1.49850 |
| Current Price | 1.49035 |
| Next Low | 1.49009 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |