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Euro / Canadian Dollar
Long

EURCAD Testing Support, Potential Bounce

By ICmarkets
Broker
EURCAD is approaching its support at 1.4849 (100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price could potentially bounce up to its resistance at 1.4920 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
CADChart PatternschfEUREURCADGBPjpyNZDTrend AnalysisUSDWave Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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