Nearing Strong Support Area

٣١ مارس ٢٠١٧

CAD is weakening with slightly disappointing numbers, released earlier this week. EUR was in general oversold, as I see it, yesterday. So on this pair we are nearing a strong support area. I hope it drops to 61.80%, which could result in a more explosive reverse price action. But worth paying attention to the 50% fib retrace and cluster of EMA's. Chikou looks like it's heading out of the clouds.