EURCAD approaching support, potential bounce!

16 нояб. 2018 г.

EURCAD is approaching our first support at 1.4883 (horizontal overlap support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.4934 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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