EUR/CAD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.48611 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.51400 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51756 |
| 2nd High | 1.51696 |
| Next High | 1.51400 |
| Current Price | 1.49224 |
| Next Low | 1.48611 |
| 2nd Low | 1.48603 |
| 3rd Low |