The EURCAD pair has no escape from activating the bearish track due to its frequent fluctuation below 1.4605 barrier, in addition to stochastic negative momentum signals, to notice its crawl towards 1.4410.
Facing continuous negative pressures will assist to renew the bearish attempts, to expect reaching 1.4305 level soon, followed by extending losses towards 38.2% Fibonacci correction level at 1.4175.
The expected trading range for today is between 1.4480 and 1.4305
The expected trend for today: Bearish