EURCAD - just a thought...

FX:EURCAD   Euro / Canadian Dollar
35 0 1
Something is fishy about this sell off - it looks too aggressive and if one takes into account the fact that we had a perfect SL area around 1.40 which is now gone, then perhaps we have set a medium-term bottom for this pair.

What to look for? Well, if we get a fairly fast reversal from current price levels then most likely it could be the real deal. A Daily close back above 1.4100 should be considered a bullish sign.

Time will tell. Watching.
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