The European common currency is trading in a symmetrical-triangle-like formation, demonstrating the increasingly equal power of both bulls and bears. In addition, the EUR/CAD exchange rate has likewise traded in a range between 1.4672 and 1.4489 for the last two trading weeks; thus, a confirmed breakout of the triangle in either direction may result in the Euro targeting the aforementioned levels. In general, the pair is likely to leave the junior formation in the upcoming hours and either surge up to 1.4670—a level also reinforced by the 23.6% Fibonacci retracement at 1.4665 - or fall down to the three-month low at 1.4490. Technical indicators show mixed results, as the Euro continues to trade sideways. All in all, a breakout should eventually confirm a possible direction the pair is likely to go.