EUR/CAD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.49741 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.50112 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.4996 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.50112 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51506 |
| 2nd High | 1.50950 |
| Next High | 1.50112 |
| Current Price | 1.49856 |
| Next Low | 1.49741 |
| 2nd Low | 1.49648 |
| 3rd Low | 1.48873 |