EUR/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.511477 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.51587 is also possible.
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 | 1.51100 |
| Next Low | 1.51012 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |