easyMarkets
Long

EURCAD approaching support, potential bounce!

FX:EURCAD   Euro / Canadian Dollar
EURCAD is approaching our first support at 1.4963 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5219 (horizontal swing high resistance, 38.2% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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