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Canadian Dollar/Euro

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CADEUR trade ideas

EURCADPrice recently swept liquidity above the previous highs and immediately rejected, confirming a liquidity grab. This move also led to a market structure shift (MSS) to the downside. Currently, EURCAD is pulling back towards the supply zone (grey box), where sellers are expected to step in. If price respects this area, we could see continuation to the downside in line with the bearish structure. Key Points: Liquidity sweep above highs. Bearish market structure shift. Retest of supply zone in progress. Bearish continuation expected if rejection holds. 📉 Outlook: Bearish – potential downside targets lie towards 1.5950 – 1.5850 zone.
by Trader1mran
EUR-CAD Bullish Breakout! Buy! Hello,Traders! EUR-CAD is trading in a Strong uptrend and the Pair is made a bullish Breakout of the key Horizontal level of 1.6180 Which is now a support And as the breakout is Confirmed we will be Expecting a further bullish Continuation on Monday Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
EUR/CAD Rallies to Fresh Yearly HighEUR/CAD rallies to a fresh yearly high (1.6226) as it breaks out of the range bound price action from earlier this week, with the rise in the exchange rate pushing the Relative Strength Index (RSI) toward overbought territory. A close above 1.6220 (50% Fibonacci extension) may push EUR/CAD toward the June 2009 high (1.6326), and a move above 70 in the RSI is likely to be accompanied by a further advance in the exchange rate like the price action from earlier this year. At the same time, lack of momentum to close above 1.6220 (50% Fibonacci extension) may keep the RSI out of overbought territory but need a move below 1.6050 (38.2% Fibonacci extension) to bring 1.5950 (100% Fibonacci extension) on the radar. --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom
EURCAD Forming Bullish StructureEURCAD has built a solid bullish structure on the daily chart, printing consecutive higher lows and higher highs. The pair continues its climb from the early August swing low near 1.5800, now pushing past the interim 1.6200–1.6230 resistance area. The current price behavior suggests a measured retracement could form before continuation—setting up for another leg higher toward the 1.6700 zone if proven by price action. On the macro front, monetary divergence remains the key driver. The European Central Bank is gradually edging toward policy normalization. While it has already delivered rate cuts, markets are becoming more confident that the ECB may pause easing soon as disinflation continues to lose momentum. In contrast, the Bank of Canada signals further flexibility—Canada’s inflation remains stubbornly above target, and the BoC appears data-dependent amid tariff-driven headwinds. This dynamic supports upside for EURCAD across the medium term. Technically, the outlook favors trend continuation. If EURCAD holds above the 1.6200–1.6230 zone on a daily close, it opens the path to test 1.6500 and beyond. A retracement toward 1.6050–1.6100 would offer a clean entry opportunity with tight invalidation below. Institutional buyers should watch for follow-through momentum that supports a bullish bias. Overall, EURCAD remains structurally bullish. With central bank nuances, commodity flow, and macro sentiment aligning, the setup offers a high-probability opportunity. Price confirmation—especially a sustained break above 1.6230—will likely accelerate the next leg higher toward 1.6700.
Long
by AndrewsMarket-Mastery
EURCAD Will Go Lower! Short! Here is our detailed technical review for EURCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.616. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.612 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURCAD → Countertrend correction before growthFX:EURCAD is forming a correction to the support zone against the backdrop of temporary stagnation of the euro, which is the previous extreme from July 1... EURCAD is forming a countertrend correction within the global bullish trend. The euro is gradually rising amid the fall of the dollar. The Canadian dollar is consolidating below strong medium-term resistance and may continue its decline, which will only support the bullish trend in EURCAD Technically, the price is entering a liquidity zone, with a point of interest at 1.61 - 1.609, locally at 1.61225, where the upward support line also passes... Support levels: 1.6122, 1.6100 Resistance levels: 1.618, 1.625 The main focus is on the specified support zones. If, after a false breakdown of the point of interest, the bulls are able to keep the price above the support zone, then in this case we can expect a possible continuation of the trend. Otherwise, the local trend may be broken and the market will go into a deep correction... Best regards, R. Linda!
Long
by RLinda
11
EUR/CAD BEST PLACE TO SELL FROM|SHORT Hello, Friends! EUR-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.610 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CAD pair. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1