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[QUOTE="forum forex, post: 200241, member: 78402"] EUR/CAD Forecast: Bearish The Canadian Dollar has made more progress versus the Euro, with EUR/CAD’s current monthly loss approaching 1.25% on Friday. That would add to CAD’s prior month gains versus the Euro. Price began to fall sharply in late September. The bearish price action in the currency pair has created a downward channel, which has contained price action over the last few weeks. Given the current trend, it’s fair to assume that the Canadian Dollar will continue its current course against the Euro. That said, EUR/CAD’s outlook is skewed to the bearish side. [/QUOTE]
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