ICmarkets
Short

EURCAD Approaching Resistance, Potential For A Reversal

FX:EURCAD   Euro / Canadian Dollar
EURCAD is approaching its resistance at 1.5024 (100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could reverse down to its support at 1.4978 (50% Fibonacci retracement , horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
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