EUR/CAD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.50023 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.50577 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.50577 |
| Current Price | 1.50297 |
| Next Low | 1.50023 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |