Macro fundamentals favor EUR strength: Strong Q1 GDP, sticky inflation, and no urgency for ECB rate cuts.
CAD is weakening: Oil prices are down ~15% for the month, BoC is leaning dovish, and trade risks remain elevated.
Technical structure is bullish: EUR/CAD broke above multi-year resistance at 1.5500. Price is now pulling back into that zone, which is likely to act as support (classic break-and-retest setup).
Monthly and weekly candles both support a bullish continuation, and this entry gives you a clean structure with tight risk and high reward potential.
EUR/CAD Swing Long Trade Setup
Entry: 1.5520 (buy limit)
Stop Loss: 1.5375 (below weekly structure and invalidation point)
Take Profit 1: 1.5800
Take Profit 2: 1.6000