FX.co ★ EUR/CAD Approaching Resistance, Prepare For Reversal

EUR/CAD is approaching its resistance at 1.5024 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.4978 (50% Fibonacci retracement, horizontal pullback support).

Stochastic (55, 5, 3) is nearing its resistance at 96% where a corresponding reversal is anticipated.

EUR/CAD is approaching its resistance where we expect to see a reversal.

Sell below 1.5024. Stop loss at 1.5063. Take profit at 1.4978.