EUR/CAD – 30M – SELLThe pair Euro/Canadian Dollar (EUR/CAD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.47653 is likely expected.
Caution: A possible change in the direction of resistance at 1.48585 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.47946348 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.48585 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49263 |
| 2nd High | 1.48896 |
| Next High | 1.48585 |
| Current Price | 1.48135 |
| Next Low | 1.47653 |
| 2nd Low | 1.47110 |
| 3rd Low |