EUR/CAD – 30M – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 1.49055 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.49850 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.49055 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.49850 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50221 |
| 2nd High | 1.50072 |
| Next High | 1.49850 |
| Current Price | 1.49178 |
| Next Low | 1.49055 |
| 2nd Low | 1.49009 |
| 3rd Low | 1.48873 |