EUR/CAD – 30M – SELLThe combination Euro/Canadian Dollar (EUR/CAD) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 1.47766 is expected.
Caution: A possible change in the direction of resistance at 1.48010 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.4747874 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 1.48010 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.48896 |
| 2nd High | 1.48587 |
| Next High | 1.48010 |
| Current Price | 1.47867 |
| Next Low | 1.47766 |
| 2nd Low | 1.47492 |
| 3rd Low | 1.47177 |