On the EURCAD
we are observing a nice impulsive decline taking part as black wave 1, that can be in final stages as four sub-waves of five are already visible. As such we can expect one more push to the downside to follow as sub-wave v-circled. After this final leg takes place the pair could face a temporary correction in wave 2. A decisive break beneath the 1.4589 level could prove to be a nice confirmation, that lower levels will follow.