As for the EUR / CAD, we also have the same graphic configuration, namely a price consolidation phase. We can clearly identify a price rotation in a range between 1.5480 and 1.5100. It is therefore necessary to wait for a break in one of the two limits to accompany the momentum to come.
In the long term, an oblique (in blue) passing through the summits of 2009, 2018 and 2020 comes to top the courses, so the euro has room to gain height towards the 1.5800. On the other hand, crossing the support at 1.5100 would send the market towards the 200-period moving average close to the threshold at 1.4715.
Conclusion, the Canadian dollar is penalized in the current context and fails to recover, my forecast for this pair is also bullish, the euro should continue to appreciate in the coming weeks.