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EURCAD, H4 | Bullish Bounce!

29138 eurcad h4 bullish bounce

Type: Bullish BounceKey Levels:Resistance: 1.44293Pivot: 1.43532Support: 1.43136Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 1.43532 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 1.44293 in line with 1.44293 in line with 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.43136 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement.

Source: Tickmill

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