EUR/CAD Trendline Breakout and Bullish Reversal PotentialEUR/CADOANDA:EURCADDNP-FXThe daily chart for EUR/CAD shows a really clean shift in market structure that trend traders look for. For months, sellers dominated the action every time the price hit that descending trendline channel, which is highlighted by the red arrows. However, the buyers recently managed to push the price right through that resistance, breaking the long-term downtrend. Right now, we are seeing a textbook retest, where the old resistance flips into a new support floor, as marked by the green arrow. If the price manages to hold above this zone, it sets up a solid bullish continuation, with the buyers likely targeting the horizontal resistance level sitting around 1.63497.