EUR/CAD – 1H – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.
A bearish trend down to the next support at 1.47110 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.48896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.4711 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.48896 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.49907 |
| 2nd High | 1.49263 |
| Next High | 1.48896 |
| Current Price | 1.47345 |
| Next Low | 1.47110 |
| 2nd Low | |
| 3rd Low |