easyMarkets
Short

EURCAD approaching resistance, potential drop!

FX:EURCAD   Euro / Canadian Dollar
EURCAD is approaching our first resistance at 1.5059 (horizontal swing high resistance, 100% fibonacci extension , 23.6% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 1.4949 (61.8% fibonacci retracement ).
Stochastic (55,5,3) is also approaching resistance where we might seeing a drop below this level.
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