EUR / CAD and expectations of the pair's decline

Euro-Canadian at the fundamental level

The EUR / CAD pair rose on Tuesday in light of the scarcity of economic data from Canada and the eurozone, where we are waiting for some influential data tomorrow, Wednesday, represented by German inflation data, and then US crude oil inventories.

Euro-Canadian at the technical level

The pair is trying to complete the shark harmonic model on the daily frame, where the pair was able to break the daily uptrend levels and successfully test it, currently the pair is trying to reach the resistance levels of 1.5580 to 1.5630, which will be good selling areas on the pair to target the levels of 1.5400 as an initial target, then the levels of 1.5180 near the levels of the main uptrend, and finally complete the harmonic model at the levels of 1.4900 and around.

This scenario fails if the pair breaks through the 1.5730 levels upwards.