EURCAD approaching support, potential bounce!
EURCAD is approaching our first support at 1.4914 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.4964 (38.2% Fibonacci retracement).
Stochastic (55,5,3) 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 (55,5,3) 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.
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