The EUR/CAD pair is displaying a positive trend, with a noticeable correctional bullish bias. Recent developments have seen the pair achieve new positive closes above the MA55 at 1.4375, resulting in gains that have propelled it towards the 1.4800 mark.
Currently, the pair is aiming to establish additional support around the 1.4600 level. This sets the stage for the accumulation of more positive momentum, which will facilitate the formation of new bullish waves. The next target for the pair is the 1.4715 level, with further ambitions to break through the 1.4800 barrier, thereby paving the way for a renewed bullish advance in the near future.
The anticipated trading range for today is expected to fall between 1.4630 and 1.4715, with an overall bullish trend expected to persist.