Hi traders,
A completed five-wave drop on EUR/CAD can suggest a a temporary retracement as in three waves to follow. Ideally pair found a low at the 1.502 level, in which case a temporary pullback as in an a)-b)-c) manner may unravel, with possible resistance around the 1.510 level (level of a former swing high) or higher around the 1.512/1.515 region, where Fibonacci ratios of 50.0 and 61.8 can react as turning points.