EUR/CAD – 30M – SELLThe currency pair jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 1.48881 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 1.50709 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.4919 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.50709 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51619 |
| 2nd High | 1.51506 |
| Next High | 1.50709 |
| Current Price | 1.49115 |
| Next Low | 1.48881 |
| 2nd Low | 1.48843 |
| 3rd Low | 1.48346 |