EURCAD Testing Resistance, Potential For A Reversal
EURCAD is approaching its resistance at 1.4920 (61.8% Fibonacci extension x2, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.4839 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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