EUR/CAD – 30M – SELLThe pair jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 1.50165 will persist.
Caution: A possible change in the direction of the resistance level at 1.50396 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction 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 change in the direction of the support level at 1.50396 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.50577 |
| Next High | 1.50396 |
| Current Price | 1.50336 |
| Next Low | 1.50165 |
| 2nd Low | 1.50023 |
| 3rd Low | 1.49357 |