On Friday after the European session, the EUR/CAD pair remained stable near 1.5600, showing minimal change for the day but maintaining a strong upward bias. The current price movement indicates a consolidation phase, staying within the mid-range. While there are indications of hesitation in the short-term, overall the pair continues to show a positive trend, supported by key indicators below the current levels. From a technical perspective, EUR/CAD’s outlook remains bullish, although there are conflicting signals in the short term. The Relative Strength Index (RSI) hovers just below the neutral mark at 50, suggesting a balanced momentum. The Moving Average Convergence Divergence (MACD) has signaled a sell, which could lead to a possible slowdown in the upward movement. At the same time, the Stochastic %K and Commodity Channel Index are in neutral territory, reinforcing the current consolidation phase. Looking at trend indicators, the picture becomes clearer. Both the 30-day Exponential and Simple Moving Averages lie just below the current price level and continue to show upward momentum. While the 20-day Simple Moving Average is higher than the current spot, it remains relatively flat and lacks confirmation from other tools. On the other hand, the longer-term 100-day and 200-day Simple Moving Averages are pointing upward, providing firm support for the pair’s medium-term bullish stance. Key support levels are at 1.5635, 1.5633, and 1.5627, while resistance levels are at 1.5675, 1.5683, and 1.5686. A breach above the resistance could further strengthen the bullish outlook, whereas a failure to hold the support could redirect focus towards the short-term moving averages.