ICmarkets
Short

EURCAD Reversed Off Resistance, Potential For Further Drop

FX:EURCAD   Euro / Canadian Dollar
EURCAD reversed off its resistance at 1.5113 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop further to its support at 1.5017 (50% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
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