EURCAD approaching support, potential bounce!

2018년 9월 19일

EURCAD is approaching our first support at 1.5083 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.5191 (61.8% fibonacci extension, 61.8% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.