Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.5512). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . EURCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 36.