FX:EURCAD   Euro Fx/Canadian Dollar
79 0 2
For my USDCAD             analysis and short term update of Friday see below:

USDCAD short activated


The EURCAD             however made also a perfect impulse lower and I'll be looking for 2 likely reversal zones before we see another break lower towards ideally 1.48.

The reversal zones are shown by means of the Yellow rectangles and represent confluence between previous significant lows as well as 38.2 and 50.0 Fibonacci retrace levels.

I'm not selling out of a certain level but price action around these levels tells a lot about what to expect from the break that follows.

Both USDCAD             and EURCAD             are setting up nicely and we only have to wait for confirmation.

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