The Euro Canadian is trading on the 4-hour frame above strong support levels after the recent price behavior that indicates a rebound, and accordingly we expect a rise to the 38% Fibonacci correction levels of the last wave at 1.5000 levels as shown on the chart.

Then return to the support levels again for a retest and from there return again to rise and target the 1.5115 levels, which are the 78% Fibonacci correction levels for the same wave, provided that these levels are the final target for the targeted return for our current analysis.

As for the stop loss levels and the failure of the bullish scenario shown on the chart, it is most likely to close below the 1.4860 levels.