EURCAD Update II: H&S Pattern Completed, Price May Reach Higher

The Head and Shoulder pattern on the EURCAD is completed, because price broke the 'neck' line with a sharp action to the upside. That said we are now expecting more bullish moves ahead.
We assume that pair will reach Target level 1 around 1.417. But ideally we will see an extensions up to Target level 2.
We see pair in bullish mode as long as the price is trading above the neck line.

www.ew-forecast.com