From the chart it would seem there is a distinct descending triangle for EURCAD (with an eventual breakout to the downside which will complete the left side of a head-shoulder pattern on the MONTHLY chart. All this is long term and am simply offering a possible concise perspective for day to day trading with the larger pattern in mind.
From the chart the immediate bias is to go long and sell at the trend line to the floor and repeat till the eventual breakout (A few months down the line!!).
From the chart the immediate bias is to go long and sell at the trend line to the floor and repeat till the eventual breakout (A few months down the line!!).