EUR/CAD Next Month Outlook - floating around 23.6% Fibo resistance for ranging bullish

W1 price is above 200 period SMA (200-SMA) and above 100 period SMA (100-SMA) for bullish market condition with the secondary ranging between Fibo resistance level at 1.5560 and 38.2% Fibo support level at 1.4597:

• the price is floating around 23.6% Fibo resistance at 1.4964 for trying to break it from below to above on close weekly bar for the bullish trend to be continuing;
  
• RSI indicator is estimating the bullish condition by direction.

If the price will break 38.2% Fibo support level at 1.4597 so the secondary correction will be started with the good possibility for the reversal of the price movement from the primary bullish to the primary bearish market condition.
If the price will break Fibo resistance level at 1.5560 from below to above so the primary bullish trend will be continuing.

Trend: