EURCAD approaching support, potential bounce!
EURCAD is approaching our first support at 1.4971 (76.4% Fibonacci retracement, 100% Fibonacci extension, ascending channel’s support) where a strong bounce might occur above this level to our major resistance at 1.5296 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our first 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 (89,5,3) is also approaching our first 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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