EUR/CAD is holding steady above 1.5750, with resistance possibly at 1.5845, a high not seen in nine weeks. The Relative Strength Index (RSI) crossing above 50 shows a positive trend, while immediate support is close to the nine-day Exponential Moving Average (EMA) at 1.5717. The currency pair has increased for five straight days and is currently trading near 1.5780 in Asian markets. The daily chart suggests upward momentum within a rising channel, surpassing the 50-day EMA. Short-term gains are supported by the 14-day RSI remaining above 50. The pair may aim for 1.5845, and a break above that could lead to the channel’s upper limit at 1.5920. If prices drop below the support level at 1.5717, the next target could be 1.5650. A break below this support might push the pair down to the 11-week low of 1.5483. The Euro is also gaining strength against the Swiss Franc, with percentage changes among major currencies reflecting this. Against the US Dollar, it’s down by -0.23%, yet it gains 0.25% against the New Zealand Dollar. Currency movements vary, with the base currency selected from the left column and the quote from the top row, indicating specific percentage changes. Currently, the euro is firmly positioned against the Canadian dollar, especially over the last week. The price’s stay above 1.5750 and five days of continuous gains signal strong momentum rather than a mere reaction. Technically, remaining above the important 50-day EMA suggests that traders are embracing a trend rather than fleeing from volatility. The climb of the RSI above the midpoint of 50 indicates growing buying pressure, but it has not yet reached overbought levels. This is significant, as long as the RSI stays strong without hitting extremes, there is potential for further upside. The next challenge is near 1.5845, and if it overcomes that, 1.5920 would be the target at the channel’s peak. Support levels are also important to watch amid this positivity. The 1.5717 mark, aligning with the nine-day EMA, shouldn’t be ignored. If prices drop below this level—which is a possibility—it could lead to selling down to 1.5650. Monitoring price behavior around that level is crucial, as a break below could extend losses towards 1.5483, a level not seen in over two months. This trend isn’t limited to just one pair. The euro shows strength more broadly. For example, it is rising against the Swiss franc. When a base currency strengthens against safe-haven currencies, it often indicates improved sentiment or shifting capital. Meanwhile, it faces only slight pressure from the US dollar. These comparisons help assess general trends and market sentiment. For those tracking the larger market, percentage changes across various pairs—especially displayed in a matrix—reveal areas of strength or weakness. It’s evident that not all movements are equal. The more erratic shifts against the New Zealand dollar suggest speculative flows or uncertainty. Nevertheless, these data points provide valuable insights. In the near term, we will keep monitoring strength while being attentive to any pullbacks through 1.5717. The divergence between short-term and longer-term EMAs indicates that prices are moving away from their baseline. As always, we seek confirmation rather than reacting impulsively.

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