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Euro / Canadian Dollar
Short

EURCAD Reversed Off Resistance, Potential For A Further Drop

EURCAD reversed off its resistance at 1.5016 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.4919 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 89% where a corresponding drop could occur.
ICmarkets
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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CADChart PatternschfEUREURCADGBPHarmonic PatternsNZDTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:

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