EURCAD is approaching our first support at 1.5082 (horizontal swing low support , 76.4%, 61.8% fiboancci retracement, 100% fibonacci extenison) and a strong drop might occur below this level pushing price down to our major support at 1.5296 (horizontal swing high resistance, 38.2% fibonacic retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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