Euro / Canadian Dollar
Long

EURCAD facing short term bullish pressure potential for pullback

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Prices are facing short term bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low support, in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. Stochastics is also approaching 10.91 support level, potential for bounce.

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