EURCAD: Near a Breaking Point - Structure Analysis

EURCAD: Near a Breaking Point - Structure Analysis

EURCAD is close to a breaking point.
1.4765 proved to be a strong area as it has already stopped the biggest price rally.

If the price manages to break 1.4765 with a strong candle, then EURCAD should rise to the other resistance zones:
Resistance/Target Zones:
1.48600 ; 1.4940; 1.5025

If the price manages to develop below 1.4765 , then EURCAD should move down to the other support zones:
Support/Target Zones:
1.46650; 1.4565; 1.4480

PS: It looks like it will increase further, but needs confirmation.

You may find more details in the chart!
Thank you and Good Luck!

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