FX.co ★ EURCAD H1: Bullish Rectangle

According to the chart of H1, EURCAD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.5047 and support 1.5018. In case the resistance level 1.5047 - 1.5047 is broken, the instrument is likely to follow the bullish trend.