EUR/CAD 4H Chart: Channel Up

 After a rather noisy trading period in the middle of June, it seems that pair has returned to a relatively calm pace of developments. In addition it seems to be following the pattern rather nicely as well. After a recent bounce from the pattern's support we have seen almost only a constant appreciation. Thus, a bearish correction suggested by the 4H Stochastic indicator  seems rather plausible. However, in the longer term pair should maintain its bullish posture as we are most likely seeing a longer term correction of 24th to 27th of June sell of.