EUR/CAD – 30M – SELLThe combination goes from the ascending trendline downwards
A descent downwards to the next support line at 1.51023 is expected.
Caution: A possible counter-trend in the direction of resistance at 1.51314 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.510898 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.51314 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51546 |
| 2nd High | 1.51401 |
| Next High | 1.51314 |
| Current Price | 1.51158 |
| Next Low | 1.51023 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |