EUR/CAD – 30M – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 1.50023 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.50577 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.50023 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.50577 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| 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 |