So EURCAD's price has been relatively high lately until the huge drop off we had. Now it is common sense that a huge drop off like that will have to blow off some steam as some point (aka a correction). So if we are to get a green pip on the 2 hour or better yet the 3 hour chart, we could see price rise significantly again to a certain level before we continue the down trend which is far more likely to continue than a price increase over the coming days!