EURCAD recently reversed up with the two daily Hammers from the support zone located between the lower daily Bollinger Band and the strong support level 1.44500 (which has been steadily reversing the price from the middle of September, as can be seen from the daily EURCAD chart below). Given the moderate bullish Euro sentiment seen across the markets today – EURCAD is likely to rise further toward the next resistance level 1.45500 (former support from December and the top of the earlier wave B). Strong support remains at the support level 1.44500.