EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) goes from the bullish trendline down.
The bearish trend down to the next support at 1.56122 will persist.
Caution: A possible change in the direction of the resistance line at 1.57099 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.56539 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.57099 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.57532 |
| 2nd High | 1.57524 |
| Next High | 1.57099 |
| Current Price | 1.56334 |
| Next Low | 1.56122 |
| 2nd Low | 1.55979 |
| 3rd Low | 1.55900 |
1.57099 – 1.56649 – 1.56848 – 1.56122 – 1.56302 – 1.56227