EUR/CAD Reversed Off Resistance, Prepare For Further Drop - ConsultFX

EUR/CAD Reversed Off Resistance, Prepare For Further Drop

EUR/CAD reversed off its resistance at 1.5113(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.5017 (50% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop is expected.

EUR/CAD reversed off its resistance where we expect to see a further drop.

Sell below 1.5113. Stop loss at 1.5201. Take profit at 1.5017.

analytics5bf3c48411479.png

The material has been provided by InstaForex Company - www.instaforex.com