EURCAD is reacting below 1st resistance of 1.48983, in line with 100% Fibonacci extension. Prices are likely to fall to 1st support of 1.47605, in line with 127.2% Fibonacci extension. Alternatively, prices may rally to 2nd resistance of 1.49746, in line with 161.8% Fibonacci extension. Indicator supporting bearish reversal.
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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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.