EUR/CAD – 1H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) breaks through the descending trendline up.
A bullish ascent up to the next resistance line at 1.48445 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.47783 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.48284264 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.48445 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48445 |
| Current Price | 1.47817 |
| Next Low | 1.47783 |
| 2nd Low | |
| 3rd Low |