EUR/CAD – 30M – BUYThe combination goes from the ascending trendline down.
A descending movement down to the next support at 1.49861 will persist.
Caution: A possible change in the direction of the resistance zone at 1.50251 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.501085 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.50251 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50436 |
| Next High | 1.50251 |
| Current Price | 1.49977 |
| Next Low | 1.49861 |
| 2nd Low | 1.49781 |
| 3rd Low | 1.48862 |