At the moment the price has been supported by an ascending respected more than 5 times and a . Shall a breakout occur we could see the price test the nearby support or resistance levels (blue lines). Now thats the technical picture, fundamentally a break to the downside seems on the card as the EUROZONE faces slowdown and CAD supported by the rising OIL prices is making a move to the downside more favorable.
It remains to be seen what happens in the near future. shall the criteria meet i will post the trade details in a new post. This just represents my analysis and future outlook of this pair. cheers