On the daily timeframe, EUR/CAD is forming a decent cup & handle pattern with more potential to the upside.
Currently price action is inside the 1.56 - 1.57 critical support zone on D1, with the previous couple of daily candles showing indecision in the market around this zone (long-legged dojis), which shows bulls and bears war at the current point of price action where buyers try to support price yet sellers are not so weak. But in regards to the cup and handle formation the bias is still to the upside as long as we trade above the 1.56 zone.
EURCAD D1 (Image not shown due to low ratings)
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