EURCAD approaching resistance, potential drop!

٢٧ فبراير ٢٠١٩

EURCAD is approaching our first resistance at 1.5059 (horizontal swing high resistance, 100% fibonacci extension, 23.6% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.4949 (61.8% fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might seeing a drop below this level.