EUR/CAD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.49356172 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.50115 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.50308 |
| 2nd High | 1.50179 |
| Next High | 1.50115 |
| Current Price | 1.49536 |
| Next Low | 1.49242 |
| 2nd Low | 1.49102 |
| 3rd Low | 1.48752 |