Currency Pair: EURCAD
Frequency: Daily
Predicted Direction
EURCAD is currently trading at the downward impulse wave 3, which belong to the intermediate corrective wave (C) started from June 2017. As the price has broken the support of the upward trend line on September 6 and it has failed to retest the higher above the trend line on last week. The price drops sharply today giving us a confirmation of opening up the downside movement. EURCAD will test the first support zone of 1.4400 - 1.43392, with breaking this level the price will continue its bearish trend towards to the final support level of 1.37839