EUR/CAD – 30M – BUYThe combination moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.50119 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.50251 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.5028142 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.50251 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50436 |
| Next High | 1.50251 |
| Current Price | 1.50168 |
| Next Low | 1.50119 |
| 2nd Low | 1.49861 |
| 3rd Low | 1.49781 |