EUR/CAD has recovered strongly from recent lows and is now trading inside a major resistance and decision zone. Buyers remain in control after forming a series of higher highs and higher lows, showing that bullish momentum is still present.

A confirmed 4-hour candle close above the current resistance zone would signal that buyers have absorbed the selling pressure, opening the door for a continuation toward the 1.6250–1.6300 region. As long as price remains above the ascending trendline and the nearby support zone, the overall market structure continues to favor the bulls.

On the other hand, if EUR/CAD fails to secure a strong close above resistance and forms bearish rejection candles, profit-taking and fresh selling could push the pair back toward the 1.6150 support area. A break below that level may extend the correction toward 1.6060, where buyers could attempt another recovery.

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