EURCAD continues to rise inside the impulse wave 3 which started earlier from the support area lying between the key support level 1.55400 (which has been reversing the price from the middle of September), lower daily Bollinger band and the 61.8% Fibonacci correction of the previous upward impulse 1 from the start of September. Given the bullish euro sentiment seen across the currency markets today, EURCAD is likely to rise further toward the next resistance level 1.57500 (top of the previous waves B and 1).