EUR/CAD Bullish Rally Approaches Major Resistance Zone

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EUR/CAD Bullish Rally Approaches Major Resistance ZoneEUR/CADOANDA:EURCADAlpha_Trade_ScopeEUR/CAD remains firmly bullish after breaking out from a descending channel and establishing a strong series of higher highs and higher lows. The pair successfully reclaimed key support levels and continued its upward momentum above the Ichimoku Cloud, confirming a positive market structure. Price is now testing a significant resistance zone near 1.6250, where sellers may attempt to defend the recent highs. Despite the strong bullish trend, a short-term pullback toward support cannot be ruled out as the market reaches overextended levels. The highlighted target area aligns with cloud support and a recent breakout structure, making it an important zone to watch for potential bullish continuation. **🎯 Target:** **1.6196** **📈 Resistance Zone:** 1.6245 – 1.6260 **📊 Key Support:** 1.6196 A successful hold above the target level could maintain the bullish outlook, while a rejection from resistance may trigger a corrective move toward the highlighted support zone before the next directional move.