EUR/CAD Price analysis: The euro is stabilized about 1,5600 while the bullish signals remain firm

• The EUR/CAD quotes around the 1,5600 area after solid advances in Tuesday’s session.
• Mixed impulse signals, with broader tendency support for long -term averages.
• Key support levels are maintained below, while the resistance is grouped just above the current levels.

The EUR/CAD pair advanced on Tuesday, quoting near the 1,5600 area after the European session, reflecting a strong bullish tone as the market goes to the Asian session. The torque remains positioned in the middle of its recent rank, suggesting that buyers maintain control despite the short -term mixed signals. The broader technical structure remains favorable, backed by a group of ascending mobile socks that continue to reinforce the general upward trend.

From a technical perspective, the pair presents a mixed but generally positive perspective. The relative force index is in 40, reflecting a balanced impulse without immediate overcompra pressure. However, the convergence/divergence indicator of mobile socks continues to show a sales signal, highlighting the potential for short -term setbacks. Meanwhile, the average directional index remains at 20, reflecting a relatively weak trend force, while the percentage range of Williams and the ultimate oscillator are also located in neutral territory, suggesting that the current impulse can lack conviction.

The broader trend structure is more favorable. Simple mobile socks (SMA) of 100 days and 200 days remain well below the current levels and continue to bow up, providing a strong underlying support. In addition, the 50 -day exponential (EMA) mobile average and the 9 -day Hull mobile average also reinforce the bullish perspective, further supporting the wider upward trend despite the short -term mixed signs of the impulse indicators.

Support levels are found in 1,5580, 1,5548 and 1,5372. The resistance is found in 1,5621, 1,5623 and 1,5627. A sustained movement above the immediate resistance zone could confirm a wider break, while a fall below the support could trigger a short -term correction, potentially testing the lower end of the recent range.

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