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Sep 20, 2018 3:45 AM

EURCAD Bounced Off Support, Potential For A Further Rise Long

Euro Fx/Canadian DollarFXCM

Description

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.
Comments
retorstorve1972
you are indeed a skilled analysis... thanks so much!
oralribar1986
Thanks, you are very helpful!
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