Euro / Dolar Kanada
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[EURCAD] when will the new rise come?

28
At the end of August the EURCAD pair after a massive sell-off of the euro, the pair finally broke out of its bearish context and started to consolidate but nothing very concrete for the moment that could confirm us a new uptrend, a rather strong resistance prevents for the moment the price to start a new trend.
Two weeks ago I had this scenario : EUR/CAD rebounds after testing below 1.30, but the implication remains weak. Scotiabank economists note that the pair could fall to 1.2470 if last week's low of 1.2875/80 is broken.

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