The EUR/CAD made way into its resistance level in April 7th, Fib level 38.2% (1.54146) and has been unable to have a sustainable breakthrough since then. The 20 day moving average in the Bollinger Bands has coincided with the Fib level of 23.6% (1.52776) to offer support or resistance to the price action for about two months. With today's candlestick breaking below this level (fib 23.6%), the currency pair will probably trade lower unless there is a reversal to go above the current resistance level. Aroon up has eased off its highs and Aroon down is showing some upside potential, this is still in support for further weakness of the Euro against the Canadian Dollar.