EURCAD |The Price May Continue To Move Down

EURCAD | Continuation pattern | The price may continue to move down

On the 4-hour chart, we can see that the price broke out of a very strong "Bearish Continuation Pattern"

Upon breaking out of this pattern, the price also confirmed the bearish move and that the old support level had been breached.

This is adding some more data, to our bearish expectations over the next few days.

I expect the price to correct before it starts the bearish move again.

Thank you and Good Luck!