EUR/CAD – 30M – BUYThe combination breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.51587 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.50940 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.51587 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 1.51587 is within the realm of possibility.
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 | 1.51549 |
| Next Low | 1.50940 |
| 2nd Low | 1.50410 |
| 3rd Low | 1.50364 |