EUR/CAD – 2H – BUY

The EUR/CAD 2H chart has fired a dense cluster of bullish signals, including a trendline break and retreat up, multiple oscillator crossovers (CMO, DI, DM, RSI, STOCH, WILLR), and additional signals from Fibonacci, candlestick, SR, and indicator groups. This confluence suggests a short-term upside bias, with momentum shifting in favor of buyers. However, the trend across timeframes is mixed: lower timeframes (15m-2H) are bullish but mostly choppy, while higher timeframes (4H-1D) remain bearish. This creates a tug-of-war between a potential counter-trend rally and the dominant downtrend. The nearest resistance at 1.60914 is a key hurdle; a break above could extend gains toward higher levels, while support at 1.60024 must hold to keep the bullish structure intact. The weak probability (64%) and conflicting higher timeframe trends caution against aggressive positioning.