So, the only currency pair that was really affected by the "dovish" ECB was the EURCAD
. Still, on the DAILY chart
, the market is in an uptrend. The ECB rate decision and press conference triggered a (roughly) 350 pips pull back.
At the moment the price is trying to break trough the support/resistance
area. As long as there is no proper break below this area i think we're still in an uptrend.
It's just my opinion, lets see what happens.