EUR/CAD – 30M – BUYThe currency pair jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 1.49961 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.49757 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.49923886 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.49961 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50709 |
| 2nd High | 1.49999 |
| Next High | 1.49961 |
| Current Price | 1.49929 |
| Next Low | 1.49757 |
| 2nd Low | 1.49648 |
| 3rd Low | 1.48873 |