In my humble opinion I believe EURCAD
is awaiting a new leg to the upside. Resting on 1.5050 as a region of support four daily candles failing to break this price region. Post bullish
breakout the following weekly candle was not of a strong bearish
type with an upside wick signaling buying pressure amongst the bearish
noise. If however there is a strong daily break & closure below 1.5050 with bearish
properties this invalidates this bias and I will carry on with my normal everyday life without a care in the world!