EUR/CAD – 30M – BUYThe combination breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 1.50221 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.49329 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.4967412 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.50221 should be noted.
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 | 1.50221 |
| Current Price | 1.49348 |
| Next Low | 1.49329 |
| 2nd Low | 1.49280 |
| 3rd Low | 1.48873 |