FX:EURCAD Euro Fx/Canadian Dollar
- Pair's break from hourly rising trend line as noted here yesterday ran out of steam at 1.4620. Since then, a couple of failed attempts have been made to get back above rising trend line.
- The cross currently trades around 1.4710 and near confluence of falling trendline hurdle and rising trend line hurdle.
- An hourly close above the same would open doors for an extension of rally that began last week following a break from sideways channel.