EUR/CAD – 1H – BUYThe pair goes from the descending trendline upwards
A bullish trend up to the next resistance line at 1.50577 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.50023 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 1.50399656 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.50577 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50577 |
| Current Price | 1.50075 |
| Next Low | 1.50023 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |