EURCAD currency pair under bullish pressure after the price reversed up from the key support level 1.37000, intersecting with the lower daily Bollinger Band and the support trendline of the wide daily down channel from last September. The upward reversal from this support level started the active minor ABC correction (ii). Given the strength of the aforementioned support level 1.3700 and the rising euro bullishness – EURCAD currency pair can be expected to rise toward the next resistance level 1.39000 (target for the completion of the active ABC correction (ii)).