Technical Analysis – EURCAD recovery halted by 61.8% Fibo; bias cautiously positive
EURCAD buyers have hit a wall at the 1.4772 resistance, which is the 61.8% Fibonacci retracement of the down leg from 1.4994 to 1.4415, bringing the recent rebound off 1.4455 into question. The technical indicators are displaying mixed signals. Warning of a pullback is the declining RSI in the bullish zone and the turn down […]