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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EURCAD facing bearish pressure, potential for further drop

analytics5f2a0a9677c54.jpg

Trading Recommendation

Entry: 1.57291

Reason for Entry: Horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension

Take Profit: 1.56199

Reason for Take Profit: 161.8% fibonacci extension

Stop Loss: 1.58053

Reason for Stop Loss: Horizontal swing high resistance, 38.2% fibonacci retracement

The material has been provided by InstaForex Company - www.instaforex.com