EUR/CAD – 1H – SELLThe combination goes from the ascending trendline downwards
A bearish movement downwards to the next support at 1.49009 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.50072 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.49295032 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.50072 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50950 |
| 2nd High | 1.50221 |
| Next High | 1.50072 |
| Current Price | 1.49381 |
| Next Low | 1.49009 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |