EURCAD Chart Technical Outlook holding within the 4th wave, the bias remains bearish
We have seen an impulsive move to the downside from the 1.4780 swing high. Although the price has stalled at the 161.8% extension level of 1.4587, Elliott Wave enthusiasts will look to this consolidation as a mild 4th wave correction. The bias remains to the downside. Intraday resistance is located at 1.4616. Bespoke support is located at 1.4537 and 1.4516. We have a 261.8% extension level located at 1.4466.
