EUR/CAD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.5019364 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.50112 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50112 |
| Current Price | 1.50006 |
| Next Low | 1.49960 |
| 2nd Low | 1.49913 |
| 3rd Low | 1.49741 |