EUR/CAD – 1H – BUYThe currency pair moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.50991 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.51696 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 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.51696 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.51696 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.51756 |
| Next High | 1.51696 |
| Current Price | 1.51284 |
| Next Low | 1.50991 |
| 2nd Low | 1.49713 |
| 3rd Low | 1.48862 |