The EUR / CAD pair rose during today's trading on Wednesday in light of the scarcity of economic data from the eurozone and also from the Canadian economy.

We expect the pair to continue its corrective ascent near the levels of 1.4880/90, from which we can open short positions on the pair to target the levels of the daily uptrend as an initial target near the levels of 1.4720/30, and then a final target near the completion of the BAT harmonic pattern at the demand zone, which is centered at the levels of 1.4650 / 20.

This scenario fails if the candle closes the day above the levels of 1.4925.