Buy EUR/CAD – 1H – BUY

The pair breaks through the bearish trendline up.

An ascending movement upwards to the next resistance at 1.49354 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 1.48908 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.4949 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.49354 is also possible.
Consider stop-loss settings accordingly.

Support & Resistance Price Range*
3rd High 1.50072
2nd High 1.49850
Next High 1.49354
Current Price 1.49352
Next Low 1.48908
2nd Low 1.48873
3rd Low 1.48603

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