EURCAD may breakout higher.

As the EURUSD breaks higher above the 1.2000 level today (unexpectedly I may add) there are a lot of EURXXX crosses to watch now. And one I have been eyeing for a long time is the EURCAD. A close above the 38% Fibonacci retracement may allow for a move back to the 1.6000 eventually to test the wedge resistance. However, the next level of interest is the 1.5726 61.8% retracement level which coincides with late September highs.