EURCAD is approaching our first support at 1.5136 (horizontal swing low resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.5222 (61.8% fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.