EURCAD approaching support, potential bounce!
EURCAD is approaching our first support at 1.5078 (horizontal swing low support, ascending channel’s support, 100% Fibonacci extension, 61.8% Fibonacci retracement where a strong bounce might occur above this level pushing price up to our major resistance at 1.5264 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
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Come join us today at : easymarkets.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.