EUR/CAD Approaching Resistance, Prepare For Reversal
February 22, 2019 6:21 am
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.
The material has been provided by InstaForex Company – www.instaforex.com
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.
The material has been provided by InstaForex Company – www.instaforex.com
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