EURCAD Chart Technical Outlook heads north to 1.4490 amid Oil temporarily losing upside momentum
EUR/CAD broad bias is bullish, but the pair has been correcting lower since last May, spurred more by the dovish ECB and rising Oil prices.
The corrective structure comes in an extended WXY pattern, which is early to announce the trend resumption until 1.4825 is broken.
Prices traded north this month and have room for more to 1.4490 and then 1.4570
Supports are located at 1.4350 and 1.4260.
