FX.co ★ EUR/CAD approaching support, potential bounce!

EUR/CAD is approaching our first support at 1.5031 (horizontal overlap support, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong bounce to our major resistance at 1.5172 (horizontal swing high resistance, 76.4% fibonacci retracement) might occur. Stochastic is also nearing support where 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.