EUR/CAD had a long rally followed by this which cloud end up as a retracement if EURCAD went up.
There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677.
I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price reaches 1.42677, but i will be looking for other signals like and/or . So there i will be looking for a counter trend opportunity.
IF ( price reaches 1.42677 and signals a loss of momentum or a or gives a .)
THEN (I will buy looking for some short-term profits)
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