EURCAD approaching resistance, potential drop!

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EURCAD is approaching our first resistance at 1.5320 (horizontal overlap resistance, 61.8%, 78.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.5201 (horizontal overlap support, 23.6% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
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