FX.co ★ EURCAD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURCAD M5 chart. Its lower boundary passes through 1.6124/1.6144, while its upper boundary passes through 1.6159/1.6144. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURCAD is expected to break the upper boundary and move toward 1.6159.