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Euro / Canadian Dollar
Long

EURCAD Bounced Off Support, Potential For A Further Rise

By ICmarkets
Broker
EURCAD bounced nicely off its support at 1.5085 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5211 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.38% where a corresponding rise could occur.
audCADChart PatternsEUREURCADeurcadlongGBPHarmonic PatternsjpyTrend 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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