EUR/CAD – 1H – SELLThe currency pair moves from the ascending trendline down.
The bearish trend down to the next support at 1.50991 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.51696 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.507045 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.51696 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.51756 |
| Next High | 1.51696 |
| Current Price | 1.51173 |
| Next Low | 1.50991 |
| 2nd Low | 1.49713 |
| 3rd Low | 1.48862 |