The EUR/CAD has surged due to the CAD weakness and current price action shows a likely continuation of bullish impulse.
1.5035-50 is the zone where the price might bounce on a retracement. The blue ascending trend line shows that bullish trend is supported above 1.5002. Targets for the move are 1.5105, 1.5125 and 1.5136. However, if the price gets to 1.5113 we might see a hesitation to break above as 1.5113 is the ATR projection high. However, if the price breaks it and continues to D H5, that will be a sign of a further bullish impulse that might extend over to Weekly H5 1.5184. I don’t think that 1.5184 is likely target for this week, but pay attention to above mentioned levels.
The analysis has been done with the CAMMACD.MTF template.
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