EUR/CAD – 30M – BUYThe combination breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 1.50950 is considered certain.
Caution: A possible change in the direction of the support line at 1.49861 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.50233 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.50950 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.50950 |
| Current Price | 1.50272 |
| Next Low | 1.49861 |
| 2nd Low | 1.49781 |
| 3rd Low | 1.48862 |