Lingrid | EURCAD Bearish Pullback In the Bullish TrendEuro/Canadian DollarFX:EURCADLingridEURCAD is pulling back from the resistance zone after reaching a recent top, with sellers taking control near 1.6225. The structure is still within an upward channel, but the market is correcting lower in an ABC move. Holding above 1.6040 would confirm the bullish bias remains intact. Momentum suggests this is a corrective dip before resuming the broader uptrend. š Key Levels Buy trigger: Rebound from 1.6040 support Buy zone: 1.6035ā1.6060 Target: 1.6116 and potentially 1.6225 Invalidation: Break below 1.6000 š” Risks Failure of support at 1.6040 could extend bearish momentum. Stronger CAD fundamentals (oil price gains or BoC stance) may pressure EURCAD. Euro weakness from ECB outlook or macroeconomic data could delay recovery. If this idea resonates with you or you have your own opinion, traders, hit the comments. Iām excited to read your thoughts!