EURCAD - Rising Channel Rejection (26.05.2026)Euro/Canadian DollarFX:EURCADKABHI_TA_TRADINGEUR/CAD is currently trading inside a well-defined ascending channel on the M30 timeframe, but price action is showing signs of exhaustion near the upper resistance zone around 1.6070–1.6087. Multiple rejection candles near resistance indicate weakening bullish momentum, while price is struggling to maintain higher highs within the channel structure. EURCAD The setup suggests a possible bearish continuation if sellers confirm a breakdown below the channel support. The projected downside targets are aligned with previous intraday liquidity zones and psychological support levels. Ichimoku structure also hints at fading bullish pressure as price consolidates beneath resistance. 🔴1st Support : 1.60096 🔴2nd Support : 1.59841 🟢Resistance Zone : 1.60724 – 1.60870 🌍 MACRO NARRATIVE & SYNTHESIS • ECB Officials Signal Dovish Bias Ahead of Upcoming Meeting – Markets continue pricing additional monetary easing, weakening Euro demand. ⚠️Disclaimer : This analysis is for educational purposes only Support the idea 🚀Boost | 💬 Comment | 🔁 Share | 🔸🔸 Charts Don’t Lie, Traders Don’t Quit 🔸🔸