EUR/CAD – 30M – BUYThe combination jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance level at 1.51314 is likely expected.
Caution: A possible change in the direction of the support line at 1.51023 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.51314 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.51314 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51546 |
| 2nd High | 1.51401 |
| Next High | 1.51314 |
| Current Price | 1.51164 |
| Next Low | 1.51023 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |