Emerging Channel Up pattern in its final wave was identified on the EURCAD 30 Minutes chart. After a strong bearish run, we find EURCAD heading towards the upper triangle line with a possible resistance at 1.4859. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Because EURCAD formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
