EUR/CAD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.612675 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.61468 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62019 |
| 2nd High | 1.61636 |
| Next High | 1.61468 |
| Current Price | 1.61098 |
| Next Low | 1.61026 |
| 2nd Low | 1.60899 |
| 3rd Low | 1.60742 |
1.61468 – 1.61196 – 1.61253 – 1.61026 – 1.60899 – 1.60971 —
1.61212 – 1.61134 —
52.754731089586 – 43.160582671306 —
– —
1.61468 – 1770831000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom retreat down – – – – – – – –