EUR/CAD Price analysis: the euro weakens around 1,5600 but the broader trend is constructive

• The EUR/CAD is negotiated near the 1,5600 zone after slightly sliding in Tuesday’s post-European session.
• The bullish inclination persists in longer time frames, despite the fact that short -term indicators show weakness.
• The support is maintained just below while the dynamic resistance of the short -term mobile socks remains in place.

The EUR/CAD pair backed on Tuesday, remaining near the 1,5600 area after the European session, since the pair retired within the range of the day. Although the movement reflects a slight sales pressure, the broader trend structure remains favorable for buyers, particularly when observed through long -term mobile socks. Short -term signals remain mixed, maintaining limited directional conviction for now.

Impulse indicators offer little clarity. The relative force index is neutral near level 48, reflecting a balance in the purchase and sale pressure. The MACD prints a sales signal, insinuating softness in the short term, while both the amazing oscillator and the average directional index remain neutral, suggesting consolidation instead of exhausting the trend.

The bullish inclination is mainly supported by higher time frames. The exponential and simple mobile socks of 50 days are located below the market and continue to incline upwards, accompanied by a strong positioning of the 100 and 200 days smokes. These long -term indicators provide a solid technical base despite short -term hesitation, where the 20 -day SMA points down and can act as dynamic resistance in the short term.

The key support is found in 1,5593, 1,5570 and 1,5534. The resistance is located at 1,5633, 1,5645 and 1,5671. A movement above this resistance band could reaffirm the bullish impulse, while a break below the support would divert attention back towards the medium -term ascending trend lines.

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