Hello traders, we want to check the EURCAD chart in the 4-hour time frame. The price is moving in a range channel and when it has reached the bottom of the channel, it is making a price correction in a downward channel and has reached the key level of 1.44000 We expect the price to continue its downward trend and test the bottom of the range channel again and fall around the price of 1.42600. If the downward trend is strong and can break the bottom of the range channel and below the price of 1. 42300 stabilizes itself, the next possible price target is 1.40900. Good luck.