EURCAD Bearish Breakdown – More Downside Potential Ahead?# EURCAD Bearish Breakdown – More Downside Potential Ahead?
**Analysis:**
EURCAD has broken below a key support level at **1.5710**, which previously acted as a consolidation base. This breakdown could signal the start of a deeper bearish move.
The market structure is clearly shifting to the downside, with **lower highs and lower lows** forming. If bearish momentum continues, the price could drop toward the psychological zones around **1.5000** and potentially **1.4500**.
---
**Key Technical Highlights:**
- **Breakdown level:** 1.5710 (former support)
- **Structure:** Bearish
- **Target zone:** 1.5000 – 1.4500
- **Invalidation:** Bullish recovery above 1.5710
---
**Trade Idea (Not Financial Advice):**
Watch for retests below 1.5710 to confirm bearish continuation. Short positions may be considered with proper risk management.
---
> **Disclaimer:**
> This analysis is for educational and informational purposes only and does not constitute financial advice. Always do your own research before making trading decisions. Trading involves risk, and past performance is not indicative of future results.
