The EURCAD pair still affected by the negativity of the moving average 55 that forms an obstacle against the bullish attack by settling at 1.5075, to notice the intraday negative fluctuation recently around 1.5000, but the stability of trading above the key support 1.4940 supports the bullish attempts again, waiting to attempt to gather new positive momentum to rally above the current barrier in order to reach the next positive station at 1.5160.
Stochastic release from the oversold areas hints getting rid of the negative pressures, to increase the chances of gathering the required positive momentum to resume the main bullish attempts in the near term and medium term period.
The expected trading range for today is between 1.4970 and 1.5075
The expected trend for today: Bullish