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.