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Euro / Canadian Dollar
Short

EURCAD Testing Resistance, Potential Reversal

By ICmarkets
Broker
EURCAD is testing its resistance at 1.4944 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a potential reversal to its support at 1.4850 (61.8% Fibonacci retracement, horizontal swing low support) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
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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.
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