EUR/CAD was at a cluster of resistance yesterday, but in the bigger picture it is really at the crossroad. The higher times frames however point to a bullish bias. EUR/CAD 1H Chart 2/19(click to enlarge) Bullish Signals: Even the market in the 1H chart is shedding the bearish bias as price breaks above a falling trendline. Also, the fact that the market bounced off the 50-hour SMA in a "sling-shot" manner is encouraging for the upside in the short-term (over this and maybe next session of two). The bounce off of 1.5250 also confirmed a mini-price bottom, again encouraging for the ST bullish outlook.Targets: Within a choppy market, I would limit the bullish outlook, but 1.5450 appears to be a viable short-term target. For now, I would limit the bullish outlook to 1.55, where the 200-hour SMA resides. EUR/CAD Daily Chart 2/19(click to enlarge) The daily chart shows a bullish market with price at a consolidation support area. In other words, there is some bullish bias in the medium-term, where the mode is neutral-bullish. (neutral because of the triangle, bullish because of the prevailing trend going into the triangle).