EUR/CAD: Testing Support with Potential for Bullish CorrectionEUR/CAD is currently testing the 1.6210 support zone following a sharp rejection from the 1.6400 resistance ceiling. Price action is completing an A-B-C corrective structure near the upward support line, suggesting a possible rebound.
As long as 1.6200 holds, a short-term recovery toward the 1.6280
About Euro / Canadian Dollar
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
Related currencies
EURCAD +3% Trade Recap 10.10.25 In this recap I break down my EURCAD short position I took yesterday morning. I fully forecast this setup in the morning as per my forecast video, and then executed later that day. Manually closing for just under 3% profit at the intended target.
Full explanation as to why I executed on this posit
EURCAD Wedge Break Suggests Correction AheadPrice has been climbing within a rising wedge, a pattern often showing buyer exhaustion as momentum weakens near the top.
The recent break below the lower trendline suggests that sellers are starting to step in, shifting momentum in their favor.
If price holds below this broken structure, we could
Lingrid | EURCAD False Breakdown Reversal Long SetupThe price perfectly fulfilled my previous idea . FX:EURCAD is testing the 1.6210 support after a sharp rejection from the 1.6400 resistance ceiling. Price action shows an A-B-C corrective structure completing near the upward support line, hinting at potential rebound strength. As long as 1.6200 h
EUR/CAD: Important BreakoutThe EURCAD pair has violated and closed below a significant support level.
A confirmed break of structure suggests a strong likelihood of a continued bearish trend.
The subsequent support level is situated at 1.6180, which could potentially serve as the next target for sellers.
EURCAD is attempting to reverse the trend. Retest of support. The ascending wedge is a bearish pattern. The currency pair is not ready to continue its growth, facing pressure from resistance. The bullish trend may enter a correction phase.
The currency pair breaks the wedge support, forming a local minimum of 1.6262, which is a support zone, the breakout of
EURCAD – Waiting for the Perfect ConfluenceEURCAD remains overall bullish while trading inside a rising channel.
At the moment, price is approaching the intersection of the channel’s lower trendline and the horizontal structure zone.
That’s where I’ll be watching closely for trend-following long setups, ideally a rejection or reversal con
EURCAD: How to Trade Liquidity Grab 🇪🇺🇨🇦
EURCAD is testing a significant rising trend line on a daily.
We see a trap and a false violation of that on an hourly time frame.
To confirm that was a liquidity grab, I will look for a CHoCH and
an hourly candle close above 1.6288.
It will provide a strong bullish signal.
An up movement will
EURCAD BULLISH BREAKOUT|LONG|
✅EURCAD shows a clean breakout above the key level, confirming a bullish shift in market structure. ICT concepts suggest a potential retest before continuation toward 1.63000 where buy-side liquidity rests. Time Frame 3H.
LONG🚀
✅Like and subscribe to never miss a new idea!✅
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURCAD is 1.62659 CAD — it has increased by 0.34% in the past 24 hours. See more of EURCAD rate dynamics on the detailed chart.
The value of the EURCAD pair is quoted as 1 EUR per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURCAD has the volatility rating of 0.70%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a −0.55% fall over the past week, the month change is a 0.40% rise, and over the last year it has increased by 8.33%. Track live rate changes on the EURCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURCAD technical analysis. The technical rating for the pair is neutral today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURCAD shows the buy signal, and 1 month rating is buy. See more of EURCAD technicals for a more comprehensive analysis.