EUR/CAD falling inside minor impulse wave 3
- EUR/CAD falling inside minor impulse wave 3
- Next sell target - 1.3830
EUR/CAD has been falling sharply in the last few trading sessions inside the minor impulse wave 3, which started earlier from the resistance zone lying between the resistance levels 1.4400 and 1.4300, upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse from November.
EUR/CAD is expected to fall further in the active impulse waves 3 and (C) toward the next sell target at the support level 1.3830 (which stopped the previous minor impulse wave 1 in December). The pair is likely to correct up after reaching the support level 1.3830.