Watch the eclipse area in 4H TF for the price action. If retested lower line of the bullish trend and it was rejected you can enter for a short position. Otherwise, If a candle was closed above this line, a long entry would be appropriate. HIGHER RISK TRADE: Long NOW since the CAD is weaker than EUR ATM
Long-term outlook: In weekly timeframe I’m seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term.
NOTE: Use low leverage.