EUR/CAD – 1H – BUY

The currency pair Euro/Canadian Dollar (EUR/CAD) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 1.57937 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 1.56663 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.57458 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.57937 should be noted.
Consider stop-loss settings accordingly.

1.57937 – 1.58343 – 1.58105 – 1.56663 – 1.5751 – 1.56118 —
1.56909 – 1.57036 —
36.714260606593 – 38.008548707529 —
– —
1.57937 – 1773223200

Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –