OANDA:EURCAD   Euro / Canadian Dollar
In the current situation, according to the negative divergence formed between 3 and the ceiling of the side range, we can expect a decrease to the range of 78.6 Fibo projection of the area of 1.44012, but before that, we have the important resistance area of the pivot point, which must be broken.

In the next stage, with the breaking of the pivot area and touching and breaking of the area of 1.44012, we can expect the next target of 100 projections in the area of 1.43397, and among all of them, we cannot ignore the 50% reduction range of the side area in the area of 1.43845. .
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.