EURCAD

In the EUR/CAD pair, a bearish trend appears evident in the daily timeframe following a symmetrical triangle breakout. The completion of a 61% retracement, coupled with the formation of Elliott's 4th wave, suggests downward momentum. As price action progresses, anticipation of the completion of Elliott's 5th wave reinforces the bearish sentiment, potentially signaling further downside movement. Traders may monitor key support levels for potential entry points in alignment with this bearish outlook.