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

1. Higher Low at the trend line
2. Higher high
3. The 88.6 zone where the price is bouncing
4. 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.  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.