EURCAD H4 - possible gains after going back above support

Almost from the beginning of June EURCAD moves south. As a result of these declines market broke local -1.75% support at 1.4985 and reached lower limit of a long-term consolidation where yesterday first demand response occurred.

Rejection of currently tested support could open the way to growth which would lead to a re-test of the previously broken support (now resistance). So in short term, you should consider long position on this instrument.