EURCAD is testing our first resistance, in line with our 127.2% Fibonacci extension and horizontal swing high resistance. Price could potentially reverse off this level towards our first support, which is in line with our 78.6% Fibonacci extension, 50% Fibonacci retracement and horizontal overlap support. It is worth noting that the RSI is also approaching the resistance level at 59.93.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.