Chart Of The Day: EUR/CAD

As EUR/USD breaks higher above the 1.2000 level today (unexpectedly, I may add), there are a lot of EURXXX crosses to watch now. And one I have been eyeing for a long time is the EUR/CAD.

 

A close above the 38% Fibonacci retracement may allow for a move back to the 1.6000 eventually to test the wedge resistance. However, the next level of interest is the 1.5726 61.8% retracement level, which coincides with late September highs. 

EUR/CAD Daily Chart.

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