Expected Scenarios for EUR/CAD

The EUR/CAD pair is still moving in a general uptrend.

The pair has managed to break through previous resistance areas,

located at 1.6400.

The pair has also established strong buying demand areas,

located at 1.6268, which are expected to

return higher if tested.

Upside targets are expected at 1.6350 and 1.6450.

However, if the specified demand areas are broken, 

a close below them, and the uptrend is broken,

we are expected to see a continued decline, 

reaching the next demand areas,

shown on the chart, located at 1.6049.