EUR/CAD – 30M – BUYThe combination moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.51506 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 1.49968 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 1.50589 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.51506 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51619 |
| Next High | 1.51506 |
| Current Price | 1.50785 |
| Next Low | 1.49968 |
| 2nd Low | 1.49913 |
| 3rd Low | 1.49741 |