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