EURCAD approaching support, potential bounce!
EURCAD is approaching our first support at 1.5078 (horizontal swing low support, ascending channel’s support, 100% Fibonacci extension, 61.8% Fibonacci retracement where a strong bounce might occur above this level pushing price up to our major resistance at 1.5264 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
Stochastic (55,5,3) is also approaching support and seeing a bullish divergence where we might see a corresponding bounce in price.
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