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EURCAD Bounced Off Support, Potential For A Further Rise

Long
Euro / Dollaro canadese (FX:EURCAD)  
ICmarkets Broker  
FX:EURCAD   Euro / Dollaro canadese
Trend Analysis Harmonic Patterns Chart Patterns EURCAD EUR CAD eurcadlong GBP jpy aud
70
2
trendanalysis harmonicpatterns chartpattern eurcad eur cad eurcadlong gbp jpy aud
EURCAD bounced nicely off its support at 1.5085 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5211 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.38% where a corresponding rise could occur.
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