EURCAD is approaching our first support at 1.4914 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 1.4964 (38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where 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.