EUR/CAD – 4H – BUYThe pair Euro/Canadian Dollar (EUR/CAD) goes from the ascending trendline upwards
A continuation of the upward movement up to the next resistance line at 1.50115 is likely expected.
Caution: A possible counter-trend in the direction of support at 1.48752 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.5059 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.50115 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51696 |
| 2nd High | 1.50590 |
| Next High | 1.50115 |
| Current Price | 1.49330 |
| Next Low | 1.48752 |
| 2nd Low | 1.48205 |
| 3rd Low | 1.47224 |