EURCAD in correction phase?

FX:EURCAD   Euro / Canadian Dollar
22 0 0
Judging from a highly irregular correction we are in, it seems to me a correctional wave such as ABC . Currently it has touched the 0.618 fibonacci retrace and could very well be on its way down as the third wave. I am still bearish on this pair. It requires a strong thrust down to make this view (possibility) valid.
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