EUR/CAD – 30M – BUYThe pair goes from the descending trendline upwards
The bullish trend up to the next resistance line at 1.49675 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 1.48735 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is considered certain. Current target is 1.4893616 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.49675 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50709 |
| Next High | 1.49675 |
| Current Price | 1.48886 |
| Next Low | 1.48735 |
| 2nd Low | 1.48346 |
| 3rd Low | 1.47999 |