EUR/CAD – Resistance Rejection TargetEuro/Canadian DollarFX:EURCADSHAY_ANALYTICSEUR/CAD – Resistance Rejection Signals Potential Pullback 📊 EUR/CAD remains in a well-defined ascending channel, maintaining a strong bullish structure overall. However, the pair has now reached a major resistance zone around 1.6300 – 1.6320, which aligns perfectly with the upper boundary of the channel. A clear rejection from this resistance area indicates weakening bullish momentum and the possibility of short-term distribution. Sellers appear to be stepping in aggressively at this level. As long as price stays below the highlighted resistance, the market is likely to enter a corrective phase. Any weak bullish continuation or consolidation beneath this zone will further validate the bearish outlook. 📉 Key Levels to Watch: * Resistance: 1.6300 – 1.6320 * Target 1: 1.6020 * Target 2: 1.5900 While the broader trend remains bullish, the current setup favors a short-term bearish correction toward lower liquidity zones before any potential continuation higher. ⚠️ This idea is for educational purposes only. Always trade with proper risk management. Pro Tip (TradingView reach ke liye): Caption me yeh hashtags add karo: #EURCAD #Forex #TradingView #TechnicalAnalysis #SmartMoney #PriceAction #TradingIdeas