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The EUR/CAD currency pair has confirmed its positive momentum by establishing a minor bullish channel. The price is currently fluctuating near the significant support level of 1.5085, indicating readiness to target higher levels, potentially starting at 1.5140 and extending to 1.5170.
The support from the 55-day Moving Average (MA55) below this major support level reinforces the bullish trend. Additionally, stochastic indicators are attempting to build positive momentum as they hover around the 80 level.
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Today’s anticipated trading range for EUR/CAD is between 1.5090 on the support side and 1.5140 on the resistance side.
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Trend Forecast: Bullish
