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Klimex
Jan 11, 2019 3:15 AM

EURCAD Approaching Support, Potential Bounce Long

Euro Fx/Canadian DollarFXCM

Description

EURCAD is approaching its support at 1.5094 (61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.5298 (38.2% Fibonacci retracement , horizontal swing high resistance).

Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.

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