ICmarkets
Short

EURCAD Approaching Resistance, Potential Reversal!

FX:EURCAD   Euro / Canadian Dollar
EURCAD is approaching its resistance at 1.5151 (61.8% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing high resistance) where it is could reverse down to its support at 1.5061 (61.8% Fibonacci retracement , horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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eurcad looks weak. Sells all the way

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