EURCAD approaching resistance, potential drop!
EURCAD is approaching our first resistance at 1.5138 (horizontal swing high resistance, 61.8% fibonacci retracement, 100%, 61.8% fibonacci extension, descending resistance line) where a strong reaction might occur pushing price down to our major support at 1.4914 (61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and is seeng a bearish divergence where we might see a corresonding drop 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 resistance and is seeng a bearish divergence where we might see a corresonding drop 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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