FX.co - EURCAD facing bearish pressure, potential for further drop

2020-08-05T01:33:46

Relevance until2020-08-06

Trading Recommendation

Entry: 1.57291

Reason for Entry: Horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension

Take Profit: 1.56199

Reason for Take Profit: 161.8% fibonacci extension

Stop Loss: 1.58053

Reason for Stop Loss: Horizontal swing high resistance, 38.2% fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EURCAD facing bearish pressure, potential for further drop