EUR/CAD appears to be showing bullish momentum and is likely heading toward the 1.6110 level. Currently, the pair is testing a key resistance zone. If the price manages to break above this resistance with strong volume or confirmation, we could see further upside continuation toward the next target at 1.6110. Traders should watch for a clear breakout and possible retest of the broken level turning into support, which could provide a good entry point for long positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.