EUR/CAD – 30M – SELLThe pair moves from the ascending trendline down.
A bearish movement down to the next support level at 1.51112 will continue.
Caution: A possible change in the direction of resistance at 1.51314 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.50852148 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 1.51314 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51546 |
| 2nd High | 1.51401 |
| Next High | 1.51314 |
| Current Price | 1.51284 |
| Next Low | 1.51112 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |