EUR/CAD A Great Scalp Opportunity Directly After Market Open

The price of EUR/CAD follows this fib retracement nicely. We see that the zones of .786, .618, .5 are incredibly strong supports, but even the .382 and the .236 zones seem to play a role here.

For scalping the price today, I suggest trading near these areas and expect support or resistance on the fib levels.

It is important to note that there are two more levels that are important, shown by the black horizontal lines. These mark support and resistance based on earlier price action.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


My previous idea on EUR/CAD: