FX.co ★ EUR/CAD Approaching Support, Prepare For A Bounce

EUR/CAD is approaching its support at 1.4967 (61.8%& 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5079 (61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (89, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.

EUR/CAD is approaching its support where we expect to see a bounce.

Buy above 1.4967. Stop loss at 1.4911. Take profit at 1.5079.