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EUR/CAD Technical Analysis – Price Rejection at Key Resistance

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EUR/CAD has reached its highest level since August 2024, touching a major resistance zone. However, instead of breaking higher, the price has faced strong rejection, indicating that sellers have stepped in with force.

The pair tested a critical resistance level but failed to break through, signaling a potential shift in momentum.
The rejection suggests that buyers may be losing control, giving sellers an opportunity to push prices lower

Downside Targets:

The next potential target for sellers is 1.50000, a psychological and technical support level.
If selling pressure remains strong, the second downside target is 1.48800
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