EURCAD Chart Technical Outlook completes 5-waves, we are in the choppy correction higher
The daily chart highlights the completion of a bearish Elliott Wave count (5 waves) completing at 1.4282.
We have seen mixed and volatile trading in the last 18 trading days while we hold within a corrective channel formation.
With bespoke support being located at 1.4515, and the channel top being located at 1.4533, I would look for sellers to emerge within this zone.
I expect trading to remain mixed and volatile within this corrective phase.