EUR/CAD – 1H – BUYThe combination breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance at 1.49850 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1.48908 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.49822904 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.49850 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50221 |
| 2nd High | 1.50072 |
| Next High | 1.49850 |
| Current Price | 1.49713 |
| Next Low | 1.48908 |
| 2nd Low | 1.48873 |
| 3rd Low | 1.48603 |