EURCAD structurally has been creating higher highs and respecting the support trendline. The bulls are anticipating the market to test the supply zone that is created around 1.50700 which they are likely looking to sell back to the market. An aggressive breakout of the counter-trendline will confirm bullish momentum.
The 129.600 price level held firm as seen by the aggressive push to the upside. Traders are anticipating EURJPY to test the 130.300 region as the 61.8 fib level indicates bullish continuation in this scenario.
SIlver has reacted aggressively to the demand zone created around the 23.636 region and traders saw the sharp push to the upside creating a higher high. Structurally the market is at the bottom of the descending channel which overall has a bullish bias and as such, traders are keeping an eye on bullish continuation setups.