EUR/CAD – 30M – BUYThe combination goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.50325 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.50792 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.50597544 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 1.50792 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50809 |
| Next High | 1.50792 |
| Current Price | 1.50421 |
| Next Low | 1.50325 |
| 2nd Low | 1.50152 |
| 3rd Low | 1.49968 |