EUR/CAD – 1H – SELLThe pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 1.48735 is expected.
Caution: A possible change in the direction of the resistance zone at 1.49396 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.48735 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.49396 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49396 |
| Current Price | 1.49241 |
| Next Low | 1.48735 |
| 2nd Low | 1.47999 |
| 3rd Low | 1.47267 |