EUR/CAD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.506935 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.51653 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51674 |
| Next High | 1.51653 |
| Current Price | 1.51159 |
| Next Low | 1.49713 |
| 2nd Low | 1.48862 |
| 3rd Low | 1.48603 |