EUR/CAD – 30M – SELLThe pair moves from the bullish trendline downwards
A descent downwards to the next support level at 1.50310 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.50568 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.504805 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.50568 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50809 |
| 2nd High | 1.50792 |
| Next High | 1.50568 |
| Current Price | 1.50437 |
| Next Low | 1.50310 |
| 2nd Low | 1.50286 |
| 3rd Low | 1.50152 |