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EURCAD approaching support, potential bounce!
EURCAD is approaching our first support at 1.5031 (horizontal overlap support, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong bounce to our major resistance at 1.5172 (horizontal swing high resistance, 76.4% fibonacci retracement) might occur.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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