EUR/CAD – 30M – BUYThe pair breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 1.51587 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.51012 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.511477 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.51587 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.52267 |
| 2nd High | 1.51756 |
| Next High | 1.51587 |
| Current Price | 1.51080 |
| Next Low | 1.51012 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |