EUR/CAD Technical Analysis

EUR/CAD is bouncing from the 88.6 zone
The price needs further bullish momentum
The range still persists
Many consecutive higher lows

DAILY CHART EUR/CAD

Higher Low at the trend line
Higher high
The 88.6 zone where the price is bouncing
The dragonfly Doji bullish pattern

The price is currently bouncing from the zone. We could see a continuation up if the market gets bullish momentum.ﾂ As the price is struggling to go further up, traders might be looking to liquidate some of their shorts, thus accelerating the move up. If we see a bullish bounce look for M H3 camarilla pivot as the next target -1.5000. Further continuation up suggests M H4 camarilla target 1.5130. M L3 needs to hold for bulls to continue with the trend move.