EUR/CAD is approaching our first resistance at 1.5224 (horizontal swing high resistance, 61.8% extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing the price down to our major support at 1.5108 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also nearing resistance where we might see a corresponding drop in price. 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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