ew-forecast
Short

EURCAD Facing A Temporary Correction In Sessions To Folllow

FX:EURCAD   Euro Fx/Canadian Dollar
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.
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