EUR/CAD - Scope for fall but oversold on hourly timeframe

FX:EURCAD   Euro / Canadian Dollar
EUR/CAD - scope for further fall

Falling trend line intact

5th wave truncation points to weakness

Consider all the above bearish ideas, the fall witnessed isn't surprising and the bears appear in control...however, the hourly RSI is oversold and that may play a spoil sport for a while, courtesy of which prices may recover to falling trend line hurdle at 1.4670.

Bearish invalidation is seen only if the prices re-enter the rising channel again.
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