EUR/CAD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.61341 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.61761 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.62019 |
| 2nd High | 1.61783 |
| Next High | 1.61761 |
| Current Price | 1.61565 |
| Next Low | 1.61379 |
| 2nd Low | 1.61327 |
| 3rd Low | 1.60899 |
1.61761 – 1.61783 – 1.61468 – 1.61379 – 1.61327 – 1.60899 —
1.61578 – 1.61590 —
53.12514769949 – 54.138082053148 —
– —
1.61761 – 1770994800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –