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EURCAD Testing Resistance, Potential For A Reversal

Short
Euro / Canadian Dollar (FX:EURCAD)  
ICmarkets Broker  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURCAD EUR CAD eurcadshort GBP aud jpy USD
107
4
trendanalysis harmonicpatterns chartpattern eurcad eur cad eurcadshort gbp aud jpy usd
EURCAD is testing its resistance at 1.5061(23.6%, 38.2% & 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.4948 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 97%.
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