EUR/CAD – 1H – SELLThe pair goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.49899 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.51506 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.49899 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.51506 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.51506 |
| Current Price | 1.49975 |
| Next Low | 1.49899 |
| 2nd Low | 1.49357 |
| 3rd Low | 1.49162 |